Micronotes, a Boston, MA-based financial technology company announced that it has closed a $2 million extension to its Series C funding.
This additional investment was made by BankTech Ventures, LP (BTV), a venture capital firm specializing in investing in strategic technology companies serving the community banking industry.
Micronotes delivers cloud-based digital engagement solutions, it leverages big data, artificial intelligence, and consumer engagement technologies to boost deposits, loans, and retention for financial institutions.
"We're thrilled to partner with BankTech Ventures," said Devon Kinkead, Founder and CEO of Micronotes. "This strategic investment will help us accelerate our growth in the community banking sector and help more communities get a lot more out of their banking relationships."
Company: Micronotes, Inc.
Raised: $2.0M
Round: Series C Extension
Funding Month: August 2023
Lead Investors: BankTech Ventures, LP
Additional Investors:
Company Website: https://micronotes.ai/
Software Category: Digital Engagement Solutions
About the Company: Micronotes is a fintech company that delivers cloud-based digital engagement solutions to financial institutions that want to start conversations, develop relationships, and build trust with new and existing customers and members. The company’s cloud-based solutions apply machine learning to customer data to improve engagement and dialogue to effectively sell more financial services through digital service channels and beyond. Micronotes is based in Boston, MA.
Source: https://www.prweb.com/releases/micronotes-closes-7-5-million-series-c-funding-round-with-2-million-investment-from-banktech-ventures-301903747.html