Led by FiveT Fintech, Enterprise Bot completes its USD 2.25 Million raise as it prepares for a Series A round

2022-03-24 07:04:29 - Zurich, Switzerland - (PR Distribution™)

The investment comes at a strategic time as Enterprise Bot prepares for its push into the North American and other competitive markets.  

Zurich, Switzerland: To help bolster Enterprise Bot’s rapid surge in the conversational AI space, the intelligent virtual assistant provider has raised a fresh round of funding. 

Led by FiveT Fintech (previously Avaloq Ventures) and other marquee investors, the new round marks the third capital infusion from FiveT Fintech since its initial investment in January 2021. 

Over the last 18 months, Enterprise Bot has doubled its revenue and reached significant milestones with the addition of clients like Global Blue, Franciscan Health, Assura, SVA Aargau, Afterpay Germany and DHL. 

The organization has further added over 35 partners spread across five continents. The rapid growth highlights the increasing demand for AI-powered virtual assistants and Enterprise Bot’s presence as a burgeoning solution provider. 

With its proprietary natural language processing (NLP) engine and suite of automation products, Enterprise Bot has helped dozens of enterprises across diverse industries to incorporate conversational intelligence into their operations. 

Furthermore, Enterprise Bot is due to release a revolutionary new product within the next month, which will help businesses to deploy AI-powered chat assistants in just 24hrs.

All of this resulted in FiveT doubling down on its investment into the intelligent virtual assistant provider, as the investment firm is poised to emphasize its trust in Enterprise Bot as it prepares for its Series A. 

About Enterprise Bot:

Enterprise Bot is enabling enterprises across the globe to provide an omnichannel experience to their customers by building AI-powered virtual assistants across chat, email and voice channels. Through Enterprise Bot’s unique technology, the overall customer experience is enhanced, while operational costs are reduced by up to 40%. Customers can deploy a fully-functional AI-powered chatbot in 24hrs without developer effort, resulting in ROI from Day 1. It operates as the only plug-and-play, enterprise-ready solution with omnichannel support and automated knowledge base maintenance. Enterprise Bot currently has diverse clients like Generali, Afterpay, LNER and employs 70 people between Switzerland and India.

About 5T Fintech:

FiveT Fintech invests in and supports exceptional entrepreneurs redesigning financial services through digitization and the use of cutting-edge technologies. Formerly known as Avaloq Ventures, FiveT Fintech is working closely together with Avaloq's ecosystem consisting of over 150 financial institutions, spread across more than 30 countries with over $4'500bn in client assets, as well as 120+ fintech start-ups. Being at the forefront of financial innovation, FiveT Fintech helps banks and financial service providers to venture into new areas and provide early-stage fintech companies a platform to prosper and scale.

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