16 February 2024

PayPal invests in conversational AI firm Rasa

Written By FinTech Alliance in Payments

PayPal invests in conversational AI firm Rasa

PayPal Ventures has co-led a $30mn Series C funding round for generative conversational AI platform Rasa.

In brief:

- Rasa powers AI assistants for a host of major firms, including two of the world's top three banks and several insurers.

- The investment is the first for PayPal Venture's new AI fund, where funding will be used to make hires in North America and Europe in marketing, sales, engineering and customer success.

- Last month, PayPal unveiled a host of new AI-driven features for the new year designed to drive personalisation for both merchants and consumers.

What does this mean?

Alan Du, PayPal Ventures partner, says: “We believe Rasa offers a best-in-class platform for enterprises to develop robust, conversational AI, and we have seen how its concierge solutions improve customer engagement and business performance.”

Read more here.

Up Next ...
27 April 2025

techUK is officially joining the programme for UK FinTech Week 2025! 🎉

The Momentum Builds — More Partnerships Unveiled for UK FinTech ...

25 April 2025

Reimagining the Future of Finance — With SC Ventures by Standard Chartered at the Helm

As UK FinTech Week 2025 gathers pace ahead of next ...

24 April 2025

Spotlight on Mastercard: Supporting Fintechs That Serve Everyone

As we gear up for UK FinTech Week, we’re celebrating ...

23 April 2025

Octopus Ventures Partners with FinTech Alliance for UKFTW 2025

🚀 Exciting News! 🚀We’re thrilled to have Octopus Ventures sponsoring ...

More in Payments

ApTap Partners with FinTech Alliance for UKFTW 2025

ApTap Partners with FinTech Alliance for UKFTW 2025

16 April 2025

Exciting News! We’re thrilled to have ApTap supporting FinTech Alliance's ...

Revolut launches Point-of-Sale product

Revolut launches Point-of-Sale product

20 March 2024

Revolut has rolled out a Point-of-Sale iPad application for businesses ...

Stripe passes $1trn in payments volume

Stripe passes $1trn in payments volume

14 March 2024

FinTech giant Stripe's total payment volume is up 25% from ...

Zodia Markets partners with Fireblocks

Zodia Markets partners with Fireblocks

14 March 2024

Zodia Markets and Fireblocks join forces to transform corporate cross-border ...

Crypto’s embedded finance future
White Papers Payments

Crypto’s embedded finance future

12 January 2022

Cryptocurrencies and investments are more popular than ever. So what’s holding them back from even w...

The European payments landscape in 2030
Articles Payments

The European payments landscape in 2030

22 October 2021

Introducing Marqeta's new European payments report: The European Payments Landscape in 2030: Implant...

Make payment optimization a part of your core payment strategy
White Papers Payments

Make payment optimization a part of your core payment strategy

14 July 2021

According to the Federal Reserve Bank of San Francisco 62% of purchase transactions in 2018 came in...

PSD2 SCA: How ready are issuers?
Articles Payments

PSD2 SCA: How ready are issuers?

22 June 2021

The revised Payment Services Directive (PSD2) is now live in Europe and the biggest question on ever...

There are no Events in this category