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Investment in Indian Conversational Banking Service Company,Active Intelligence, together with Leading Investment Funds (Vertex Ventures, IDG Ventures, Kalaari Capital)— Accelerating investment in India’s fintech sector —

Dream Incubator Inc. (hereinafter “DI”), announced its investment in the Indian conversational banking service company, Active Intelligence Private Limited* (hereinafter “Active Intelligence”), together with leading investment funds (Vertex Ventures, IDG Ventures, Kalaari Capital).

Online conversational services** are poised to become more mainstream with the increasing popularity of messaging apps (including Facebook Messenger and WhatsApp) and the launch of smart speakers (Amazon Echo, Google Home and others). In the realm of financial transactions as well, online conversational services are likely to see an increasing use, particularly in developing countries where the spread of ATMs and apps has lagged.

Active Intelligence uses an AI-based chat service to link individuals with financial institutions. In less than a year since its establishment, the company has developed a working service, won contracts from major financial institutions both within and outside India, realized sales tie-ups with multiple global IT firms and achieved significant growth by targeting the global market.

DI plans to continue investing in the Indian technology sector, including fintech.

* Active intelligence PTE is a Singapore headquartered firm with a Sales and Innovation centre in Bangalore, India and an office in USA. https://active.ai/

** Services that allows conversation-styled real-time interactive communication with customers

 

Co-investors

■ About Dream Incubator Inc. (http://www.dreamincubator.co.jp/entop )

Dream Incubator Inc. (TYO: 4310), “the Business Producing Company”, is a strategic consulting and business development firm primarily for corporate clients and governmental institutions. Dream Incubator provides both capital and professional services to next-generation companies to support their growth and expansion, while also operating its own businesses.

< Reference: DI’s past investment in India >

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Dream Incubator Inc.
TEL: 81-3-5532-3200
info@dreamincubator.co.jp

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