OpenFi, the conversational AI platform based in London, has successfully closed a pre-seed funding round of £500,000. This funding round was led by Bijan Morvaridi, with additional investments from Fortune Green Capital Ltd and Foundation Ventures Ltd. The capital raised will be utilized to expand the product team, develop the second version of the platform, integrate with a UK financial institution, and work closely with the Financial Conduct Authority on AI compliance.
OpenFi's SalesTalkAI technology enables businesses to generate human-like conversations over multiple channels such as WhatsApp, email, and social media, thereby eliminating the need to hire additional human resources.
Through the use of natural language conversational AI, SalesTalkAI efficiently filters, qualifies, and nurtures leads, allowing the human team to focus on high-value leads and ultimately increase sales and profits. Additionally, SalesTalkAI can engage with existing customers to ensure high renewal conversions without heavily relying on the human team.
In a competitive market where only a small percentage of leads generated from performance marketing convert, businesses that engage with customers through messaging solutions have reported a significant increase in leads and ROI. OpenFi's mission is to empower and redefine customer conversations using AI technology, providing a satisfying customer experience at a higher profit margin. With initial customers in the financial services sector, OpenFi has demonstrated its value through significant improvements in conversion and revenue for its clients within a short period of time.
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