Globant Ventures Funded in Fivvy, a SaaS Platform Bringing Personalized Experience To Banking Customers By CIOTechOutlook Team

Globant Ventures Funded in Fivvy, a SaaS Platform Bringing Personalized Experience To Banking Customers

CIOTechOutlook Team | Thursday, 13 April 2023, 04:12 IST

Globant Ventures, the corporate venture capital arm of Globant (NYSE: GLOB), announced its investment in Fivvy, a premier SaaS financial industry platform. The platform is made to allow traditional and online financial institutions to provide tailored client experiences and use special data models to boost profits.

Fivvy is a leader in the rapidly evolving field of financial technology, helping banks to outperform their rivals by utilising cutting-edge, data-driven models and customised consumer interaction tactics. By releasing the enormous value that is locked away in financial data, Fivvy's cutting-edge technologies help banks of all sizes deliver unmatched client experiences. Banks can quickly transform into data-driven, customer-centric businesses with Fivvy's accelerated implementation approach in as little as three months. Fivvy, in general, gives banks the ability to provide a more customer-centric approach while maximising the value of their data.

"As a disruptor in the financial industry, we are focused on driving innovation by using data and the latest technologies to individualize customer experience," said Hanoi Morillo and Lucas Werthein, Founders of Fivvy. "In our relationship with Globant Ventures, we don't see just an investor but also a strategic partner in growing our business."

The investment from Globant Ventures, which comprises a planned $4 million investment over two years, will aid in the acceleration of Fivvy's mission to revolutionise the financial services sector and will also position the business as a leading SaaS platform in the Americas. In addition to financial resources, the alliance will offer priceless knowledge in utilising cutting-edge technologies to advance the sector. The partnership is advantageous to many financial industry participants, including businesses and banking clients.

"As the venture capital fund of a company focused on advancing reinvention across industries, we are excited about the Fivvy platform and its potential to bring true innovation to the financial sector, which is ripe for reinvention," said Gustavo Martello, Managing Partner of Globant Ventures.

The Globant Ventures investment in Fivvy is the most recent in a line of investments the company has made in creative and purpose-driven entrepreneurs looking to reimagine business via the use of AI, Blockchain, and Future of Work technologies.