PrecisionLender Partners with Insight Venture Partners to Drive Growth...
Summary
PrecisionLender, the world’s leading pricing and profitability platform for commercial banks, today announced the close of a minority investment by global venture capital and private equity firm, Insight Venture Partners, alongside existing investor Georgian Partners.“Insight has incredible resources and experience that we will tap into as we continue our global expansion,” said Carl Ryden, CEO and co-founder of PrecisionLender.PrecisionLender allows commercial bankers to understand pricing in the context of the larger relationship picture to drive substantial improvements in portfolio income and customer experience.“The platform is rapidly being adopted by some of the largest global banks to solve a critical business need – delivering specific pricing intelligence to global banking enterprises at exactly the moment when that actionable information can have the largest impact.”In addition to Insight Venture Partners’ investment, PrecisionLender expanded into the Australian market and signed its second Top 10 U.S. bank.