Agent IQ secures capital from Bankers Helping Bankers Fund
By Delisha Fernandes
Agent IQ, a digital customer engagement solutions provider, announced the strategic investment from the Bankers Helping Bankers Fund (BHB Fund), a community bank-focused FinTech venture capital fund.
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 bank’s competitiveness while also sharing potential to earn outsized venture capital returns that are uncorrelated to traditional bank operations.
“The BHB Fund is very excited to fund Agent IQ as one of its early investments as the company fits squarely into our investment thesis,” said Richard Leggett, Managing Partner, Latitude38 Venture Partners.
“We are tremendously thrilled to partner with Slaven and the rest of this highly talented team. The need among community banks for digital engagement in an online, technological growth era 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 organisation 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.
“This investment is representative of Agent IQ’s commitment to helping FIs foster deep and meaningful customer relationships while also meeting the digital demands of today’s customers. Our team looks forward to empowering more community banks with data-driven technology and the ability to allow relationship banking to thrive in the digital world.”
IBSi Daily News Analysis
January 16, 2024
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