Kasisto

Kasisto

SaaS conversational AI for banking

Overview

Kasisto provides conversational AI for banking and financial services. Its flagship product, KAI, is a digital experience platform that powers personalized, context-aware conversations between banks and customers across multiple channels. Built on AI research from SRI International, KAI automates and augments customer service and transactions under a SaaS model. The goal is to help financial institutions improve customer engagement and operational efficiency through banking-specific digital assistants.

About Kasisto

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

Industries

Enterprise Software

Fintech

AI & Machine Learning

Financial Services

Company Size

11-50

Company Stage

Series C

Total Funding

$81.5M

Headquarters

New York City, New York

Founded

2013

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Simplify's Take

What believers are saying

  • Backbase made the combined agentic banking suite available immediately on June 23, 2026.
  • Kasisto's clients include BMO, JPMorgan, Standard Chartered, Navy Federal, BECU, and Alliant.
  • Kasisto raised $90 million by September 17, 2024, signaling investor conviction.

What critics are saying

  • Kasisto is no longer standalone; Backbase now controls roadmap, hiring, and pricing.
  • Backbase integration failures can delay renewals as banks validate security and governance in 2026.
  • If Backbase prioritizes native agents, Kasisto's separate brand disappears by 2027.

What makes Kasisto unique

  • June 23, 2026 Backbase bought Kasisto, embedding banking-grade agentic AI into Banking OS.
  • Kasisto supports governed resolution across chat, messaging, and voice for regulated banks.
  • Its 55-institution footprint across 16 countries gives banking-specific workflow and compliance depth.

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Funding

Total Funding

$81.5M

Below

Industry Average

Funded Over

7 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

2%

1 year growth

6%

2 year growth

-2%
Backbase
Jun 24th, 2026
Backbase acquires Kasisto, leading the industry shift to Agentic Banking

Strategic acquisition brings banking-grade agentic AI with governance and regulatory controls built into the Backbase AI-native Banking OS.

PYMNTS
Jun 23rd, 2026
Backbase acquires Kasisto to advance agentic AI in banking

Backbase has acquired Kasisto to integrate agentic AI capabilities into its Banking OS platform. The deal, announced Tuesday, brings Kasisto's team, AI platform and financial services intelligence under Backbase's umbrella. The Dutch company said most banks have deployed agentic AI in isolated pockets, leaving customer intent fragmented across channels. The acquisition aims to create a "United Frontline" operating model where customers, employees and AI agents work together with shared context and governance. Backbase CEO Jouk Pleiter said Kasisto brings proven agentic AI and financial services intelligence, positioning the company to lead banking's shift from conversation to resolution. The technology can assist bank employees with fraud investigations, customer onboarding and servicing requests by gathering information from multiple systems and applying established rules whilst maintaining appropriate oversight and delegation boundaries.

MarketScreener
Nov 13th, 2025
Sumitomo Mitsui Financial : SMFG Announces Execution of Agreement to Invest in kAIgentic Pte Ltd.

【NEWS RELEASE】 November 13, 2025 Sumitomo Mitsui Financial Group, Inc. kAIgentic Pte Ltd. SMFG Announces Execution of Agreement to Invest...

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

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