Agent IQ Secures Capital from Texas-Based Bankers Helping Bankers Fund
Summary
SAN FRANCISCO, May 31, 2023--(BUSINESS WIRE)--Agent IQ, a provider of digital customer engagement solutions specializing in making financial services more personal again, announced today the strategic investment from the Bankers Helping Bankers Fund (BHB Fund), a community bank-focused fintech venture capital fund managed by Latitude38 Venture Partners, in partnership with IBAT Services, Inc., a subsidiary of the Independent Bankers Association of Texas (IBAT) and FedFis, a leading banking market intelligence and advisory firm.Established in late 2022 "for community banks, by community banks," the BHB Fund was created to provide community banks with exposure to a diversified portfolio of fintech investments that drive growth, improve operational efficiencies and enhance the banks competitiveness, while also sharing potential to earn outsized venture capital returns that are uncorrelated to traditional bank operations. The need among community banks for digital engagement in an era of online, technological growth is more important than ever; we look forward to leveraging our network, partners, and operating experience to help Agent IQ grow and capture future opportunities. ""We are excited to be a part of the BHB Fund as the organization is helping more community banks overcome their shared challenges, operate more efficiently and discover new sources of income," said Slaven Bilac, CEO & Co-Founder, Agent IQ. The Funds primary investment thesis is built on three core "here and now" community bank strategic priorities: (i) growth via deposits and expansion of products and services, (ii) insights and intelligence about customers and internals at the bank, and (iii) operational efficiency across all functions (back office, compliance, etc.). Pragmatic application of cutting-edge artificial intelligence and machine learning offers the promise of unprecedented scale, while keeping the focus on human empathy, creativity and personality.
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