Brazilian fintech NeoSpace raised a $18M round led by Itaú. Itaú invested $15M, while Martín Escobari, Micky Malka, Nigel Morris, and Hans Morris invested the remaining $3M. As part of the deal, Itaú gets 12 months of exclusive use of NeoSpace’s conversational AI and perpetual exclusivity for co-developed products.
NeoSpace offers AI products tailored to financial institutions to improve customer interactions, credit offerings, and personalized services.
NeoSpace will use the funds to expand its offerings beyond financial institutions and enter international markets.
“Our focus is to be a global company. We will think about this from the start and are already training our models in English and Spanish. The addition of these four angel investors will support that effort by providing access to banks and large American companies,” said NeoSpace’s Co-founder Felipe Almeida.
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