Funds for Bank Customer Insights Platform Revio

In the US, customer insights platform Revio has raised $2.5m in a Series A round of funding to accelerate the adoption of its technology, which helps community and regional financial institutions identify opportunities to increase customer retention, lifetime value and profitability.

Revio's platform analyzes customer data using machine learning and data models, to better understand behavior and recommend the 'next-best product'. The platform uncovers opportunities in commercial and retail deposit, loan, credit card, insurance, wealth, treasury management and merchant services; and is used to prioritize customer opportunities for personalized outreach and marketing efforts.

New funding was led by BankTech Ventures and EJF Ventures. Revio CEO Brian Bauer (pictured) comments: 'With the strategic backing of both BankTech and EJF Ventures, we're in a position to further accelerate our platform development, market adoption, and impact to help community banks enhance competitiveness. This not only brings capital to fuel our growth, but also provides us with partners that have a deep understanding and valuable networks in the banking technology sector'.

Web site: www.getrevio.ai .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.