Flowx.AI

Flowx. AI, based in Bucharest, Romania, is a software company specializing in advanced multi-agent AI solutions tailored for the banking sector, aimed at enhancing legacy systems and improving customer processes. Founded in 2020 in Bucharest, Romania, Flowx. AI develops innovative AI technologies for the financial sector.

The company was established by Ioan Iacob, Radu Cautis, Serban Chiricescu, and Smaranda Manolescu. Flowx. AI has successfully raised a total of USD 35. 00 mn in its Series A funding round on May 22, 2023, led by Dawn Capital, with additional participation from Day One Capital, PortfoLion, and SeedBlink Crowd S.

A. FlowX. AI offers a robust multi-agent AI platform specifically designed for banks, facilitating the modernization of legacy systems and optimizing customer processes such as onboarding and compliance. This platform supports low/no-code development, AI-driven automation, and compliance management, effectively reducing retail customer onboarding times from 25 minutes to 7 minutes and commercial onboarding times from 45 minutes to 20 minutes.

The company serves a wide array of clients within the financial services sector, including both banks and wealth management firms primarily in North America and Europe. In the most recent year, 2022, FlowX. AI reported a revenue of USD 1,805,884. 70.

The company's revenue model focuses on B2B transactions through subscription services and partnerships with financial institutions, which allows for a flexible pricing structure tailored to the specific needs of each client. Flowx. AI plans to utilize the recently raised USD 35. 00 mn from its Series A funding to enhance product development and expand into new geographic markets.

The company aims to introduce new features to its AI platform and is targeting entry into additional European markets by 2024.