Fintech

Fintech Finory pivots away from personal finance, raises new funding

March 11, 2025
Image from Finory

Here’s Finory! This Malaysian fintech, which previously focused on personal finance, now helps banks and fintechs enhance their personal finance and lending processes. 

Investor check. Malaysia-based firm 1337 Ventures led the round. 

  • The amount raised was not disclosed. 

💲 The ABCs of Finory

An unexpected challenge in adulting? Managing multiple accounts and credits. Finory was initially developed to help individuals keep track of their $$$. 

  • Now, they enable banks and fintechs to develop their own personal financial management app. How?
  • Finory uses AI to analyze, categorize, and enrich transaction data through statement parsing. Their tech extracts and organizes data from bank statements into a structured format.

That’s not it! Their tech can also help banks and fintechs offer personal lending assessments so individuals can easily evaluate their loan eligibility based on their bank statements.

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