OpenFi, a conversational AI platform, has successfully secured £500,000 in pre-seed funding. The round was led by Bijan Morvaridi, with additional investments from Fortune Green Capital Ltd and Foundation Ventures Ltd.
The funds will be allocated to expanding the product team, developing the second version of the platform, integrating with a UK financial institution, and collaborating closely with the FCA on AI compliance.
OpenFi’s SalesTalkAI is designed to generate human-like conversations across WhatsApp, email, and social media channels. This natural language conversational AI system helps filter, qualify, and nurture leads, allowing human teams to concentrate on high-value prospects, thereby enhancing sales efficiency and profitability. Additionally, SalesTalkAI engages with existing customers to boost renewal conversions without needing human intervention.
Bijan Morvaridi, the lead investor, praised the platform: “With my extensive experience in the restaurant industry, I understand the importance of personal service. OpenFi’s technology is the first AI application I’ve encountered that feels genuinely human and personal, which is why I’m supporting the company.”
Sam Oliver, CEO and Founder of OpenFi, remarked: “Our conversational AI technology provides a superior customer experience while increasing profit margins. It’s a win-win-win for customers, companies, and investors.”
Although OpenFi is designed to be industry and platform agnostic, its initial customers are primarily in the financial services sector. This industry demands high levels of security and professionalism, allowing OpenFi to demonstrate the consistent, responsible, and safe delivery of its technology. Within just nine months of its launch, OpenFi proved its worth by tripling conversion and revenue during a three-month pilot with a mortgage brokerage.
Nick Katz, Founding Partner of Foundation Ventures, commented: “Having observed Sam’s previous venture, Lead.Pro, from start-up to trade sale, I was impressed by his ability to achieve product-market fit, prioritize customer needs, and generate revenue. This track record is why Foundation Ventures is enthusiastic about supporting his new venture.”
Source: tech.eu
