Kasisto

Kasisto

Conversational AI solutions for banking sector

About Kasisto

Simplify's Rating
Why Kasisto is rated
A-
Rated A on Competitive Edge
Rated B on Growth Potential
Rated A on Rating Differentiation

Industries

Fintech

AI & Machine Learning

Company Size

51-200

Company Stage

Series C

Total Funding

$79.3M

Headquarters

New York City, New York

Founded

2013

Overview

Kasisto provides conversational AI solutions tailored for the banking and financial services sector. Its main product, KAI, is a digital experience platform that uses advanced AI to create personalized and insightful conversations between financial institutions and their customers. KAI can handle various banking tasks, such as answering questions and processing transactions, making customer interactions more efficient and human-like. Unlike many competitors, Kasisto focuses specifically on the needs of banks and credit unions, offering a SaaS model that allows clients to subscribe for continuous access to the platform and its updates. The goal of Kasisto is to enhance customer engagement and operational efficiency for financial institutions, helping them thrive in a digital-first environment.

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Simplify's Take

What believers are saying

  • Kasisto raised $90 million, indicating strong investor confidence and growth potential.
  • Partnerships with LinkLive and Moxo enhance customer engagement and streamline interactions.
  • Recognition as a Top 10 Most Innovative AI Company boosts Kasisto's market reputation.

What critics are saying

  • Emerging fintech startups may increase competition and erode Kasisto's market share.
  • Rapid AI advancements require continuous R&D investment, straining financial resources.
  • Data privacy concerns and regulatory scrutiny could impact operations and client trust.

What makes Kasisto unique

  • Kasisto's KAI platform is tailored for the banking and financial services industry.
  • KAI leverages AI research from SRI International for high-quality, scalable interactions.
  • Kasisto offers a no-code AI platform, enabling easy integration for financial institutions.

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Funding

Total Funding

$79.3M

Below

Industry Average

Funded Over

4 Rounds

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Below Average

Industry standards

$50M
$15.5M
Kasisto
$40M
Figma
$50M
Medium
$62M
SeatGeek
$100M
Oura

Benefits

Medical: Comprehensive healthcare benefits for all employees and their dependents

Dental & Vision: Dental Insurance and Vision Care Coverage for all employees and their dependents

Life Insurance: Company-paid Life Insurance

401K: Access to a 401K provider

Time Off: Generous PTO policy, plus paid company holidays

Lifestyle: Stay healthy with nutritious snacks, drinks, and meals. Get to know your team better and enjoy fun company-sponsored events, lectures, wellness activities, and sports leagues.

Growth & Insights and Company News

Headcount

6 month growth

-6%

1 year growth

-6%

2 year growth

-6%
CityBiz
Sep 17th, 2024
Kasisto Closes $90 Million Funding and Appoints Don Layden as Executive Chairman

NEW YORK–(BUSINESS WIRE)–Kasisto, the creators of KAI, the leading conversational AI platform for the financial services industry, proudly announces the... Read More

Business Wire
Feb 22nd, 2024
First Financial Bank Uses Kasisto’S Ai-Powered Digital Assistant To Drive 27% Increase In New Certificates Of Deposit

NEW YORK--(BUSINESS WIRE)--First Financial Bank, the 5th Oldest National Bank in the United States, has experienced a 10% overall increase in new accounts opened since introducing its AI-powered digital assistant, Gabby, with the primary lift coming from new deposits and loans. Through a partnership with Kasisto, creator of KAI, the leading conversational AI platform for the financial services industry, First Financial Bank is tapping into AI to increase customer usage across banking products including CDs as well as mortgages, personal loans and vehicle loans. “Integrating Gabby into our First Financial team has been crucial to elevating the client experience,” said Brad Waldhoff, Chief Information Officer at First Financial Bank. “The positive response from our customers and team members alike has been encouraging and has allowed us to deepen our relationships by providing more information that can help our customers achieve financial wellness. The success we’ve experienced at this stage is a testament to the work the Kasisto team has provided, leveling-up our banking experience through their future-facing technology.”. First Financial Bank has over $4.8B in assets, 252,000 customers, and 70 branches

Yahoo Finance
Feb 22nd, 2024
First Financial Bank Uses Kasisto'S Ai-Powered Digital Assistant To Drive 27% Increase In New Certificates Of Deposit

40% of interactions with First Financial Bank’s digital assistant Gabby occur outside regular contact center hours with 20% over the weekend.Digital banking customers who use Gabby are more highly engaged, logging in 46% more often on average compared to digital banking customers who do not use Gabby.NEW YORK, February 22, 2024--(BUSINESS WIRE)--First Financial Bank, the 5th Oldest National Bank in the United States, has experienced a 10% overall increase in new accounts opened since introducing its AI-powered digital assistant, Gabby, with the primary lift coming from new deposits and loans. Through a partnership with Kasisto, creator of KAI, the leading conversational AI platform for the financial services industry, First Financial Bank is tapping into AI to increase customer usage across banking products including CDs as well as mortgages, personal loans and vehicle loans."Integrating Gabby into our First Financial team has been crucial to elevating the client experience," said Brad Waldhoff, Chief Information Officer at First Financial Bank. "The positive response from our customers and team members alike has been encouraging and has allowed us to deepen our relationships by providing more information that can help our customers achieve financial wellness. The success we’ve experienced at this stage is a testament to the work the Kasisto team has provided, leveling-up our banking experience through their future-facing technology."First Financial Bank has over $4.8B in assets, 252,000 customers, and 70 branches. The bank launched its new KAI-powered intelligent digital assistant "Gabby" in May 2023 to provide customers with a frictionless experience between digital and employee-assisted channels. Through Kasisto's no-code AI platform, Gabby came pre-integrated on day one with LinkLive, the bank’s all-in-one communications platform

Business Wire
Nov 1st, 2022
Linklive And Kasisto Partner To Deliver Market Defining Ai-Assisted Customer Experiences For Financial Institutions

SAN FRANCISCO--(BUSINESS WIRE)--This week at the 2022 NCR Innovation Conference, LinkLive, a customer engagement platform (CEP) provider for security-focused and regulated U.S. industries, and Kasisto, creator of KAI, a digital experience platform for the financial services industry, announced a new integration which empowers financial institutions to provide personalized customer engagements across channels, devices and financial products. LinkLive, used by more than 600 banks and credit unions, offers digital customer service features that automate engagement while driving deep human connectivity. By partnering with KAI's industry-leading conversational AI and branded digital bankers, LinkLive offers innovation to modern financial institutions to create memorable customer experiences that engage financial customers and deliver a differentiated digital banking experience

PR Newswire
Aug 22nd, 2022
Kasisto Raises Additional $15.5 Million From FIS and Westpac in Oversubscribed Series C Round

/PRNewswire/ -- Kasisto , creators of KAI , the leading digital experience platform for the financial services industry, today announced a $15.5 million Series...

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