AI company Rimilia raises $15mn

February 03, 2020 | Payments

Written by FinTech Alliance

AI company Rimilia raises $15mn

British FinTech firm Rimilia has raised $15mn in a growth round.

In Brief:

  • One of the investors was Eight Broad Ventures.

  • The FinTech uses AI to automate payments.

  • It was founded in 2008 and last year helped process the collection of £110bn.

What does this mean?

Rimilia has worked with clients including Disney and HSBC. It uses AI to speed up the payments process for customers and with this new funding will continue to cut cost and time involved.

 

More in Payments

Getting SCA wrong loses sales – Microsoft
Payments
August 10, 2020

Getting SCA wrong loses sales – Microsoft

Microsoft has revealed that Strong Customer Authentication is negatively impacting ecommerce sales....

Loyalize: Will seamless rewards keep customers coming back for more?
Payments
August 04, 2020

Loyalize: Will seamless rewards keep customers coming back for more?

Over the past few years, multiple innovations have helped reshape the payment space. But, says David...

Lloyds partners with Form3  
Payments
July 23, 2020

Lloyds partners with Form3  

Lloyds Banking Group has partnered with Form4 to accelerate digital transformation.   I...

There are no Knowledge Bank in this category

There are no Events in this category