About Native AI in Financial Services sector in US & Canada
The Native AI in Financial Services sector in US & Canada comprises 886 companies, including 442 funded companies having collectively raised $14.8B in venture capital money and private equity. Out of these, 199 are Series A+ funded, and 7 have achieved unicorn status.
Native AI in Financial Services sector in US & Canada has seen 47 acquisitions and 4 IPOs. This represents almost 5.8% of all such companies - which is higher than the 4.5% exit rate of tech companies in general.
This sector includes companies that develop tools and products for the financial services sector, including banking, investing, lending, insurance, and payments, where AI is core to their functioning, enabling autonomous reasoning, analysis, and decision-making across portfolio management, credit assessment, fraud detection, compliance, and risk optimization.
Native AI in Financial Services sector is also known as AI-Native Financial Services, AI Native Financial Services, Financial Services AI Platforms or Native AI Financial Services.
This includes AI-native platforms for automated credit scoring and loan underwriting, AI agents for portfolio management and algorithmic trading, autonomous systems for risk and compliance monitoring, AI-driven insurance underwriting and claims assessment tools, intelligent fraud prevention and transaction monitoring systems, and AI agents that provide financial advisory, reconciliation, and forecasting. Also includes native AI tools that enable banks or fintechs to build adaptive, self-optimizing workflows across their financial operations. Traditional financial institutions and fintech companies that use AI as an additional feature rather than being fundamentally designed around it are excluded. This also excludes generic data analytics, visualization tools, or rule-based fraud detection systems. Additionally, consulting or service-based financial firms are not included.
Top Native AI in Financial Services Companies in US & Canada
There are 886 Native AI in Financial Services startups in US & Canada which include Cleo, Kairos, AlphaSense, Jumio, Spotdraft. Out of these, 442 startups are funded, with 199 having secured Series A+ funding, and 7 achieving unicorn status.
2026 has seen the creation of 35 Native AI in Financial Services startups in US & Canada. Over the past 10 years, an average of 63 new companies have been launched annually. Notably, several of these startups have been founded by alumni of Stanford University, Harvard University and University of Pennsylvania.
Here is the list of top Native AI in Financial Services startups in US & Canada
1. Cleo
AI-powered personal finance app that helps users track spending, build savings habits, and improve money management. It connects to users’ bank accounts via secure APIs like Plaid to analyze spending, track transactions, and provide personalized financial insights. It uses behavioral insights and machine learning to help users budget, set savings goals, and develop better financial habits.
Key facts about Cleo
- Location: Wilmington (United States)
- Stage: Series C
- Total Funding till date: $175M
- Investors: EQT, Balderton Capital and 54 Others
- Latest Funding Round: Series C, Apr 13, 2022, $*****
- Tracxn Score: 77/100 What is this?
- Competitors Rank: 4 of 972 Competitors
2. Kairos
Provider of AI-powered identity verification, document authentication, and biometric solutions. It offers tools for ID verification, liveness detection, and age estimation. The company's technology supports various industries, including financial services, online gaming, and adult entertainment. It helps businesses grow their user base while mitigating fraud.
Key facts about Kairos
- Founded Year: 2011
- Location: Miami (United States)
- Stage: Series A
- Total Funding till date: $19.6M
- Investors: 500 Global, Beyond Capital Markets and 21 Others
- Latest Funding Round: Angel, Feb 19, 2019, $*****
- Tracxn Score: 74/100 What is this?
- Competitors Rank: 2 of 3,164 Competitors
3. AlphaSense
AI powered market intelligence and search platform. It collects finance data from SEC filings, broker research, conference call transcripts, investor relation presentations, and more. It offers equity research reports on different sectors, companies, and industries. Its features include AI chat assistant, competitor monitoring, summaries, collaboration, analytics, and more. It caters its solutions to industries such as finance, life science, telecom, and more.
Key facts about AlphaSense
- Founded Year: 2011
- Location: New York (United States)
- Stage: Series F
- Total Funding till date: $1.74B
- Investors: Viking Global Investors, CapitalG and 41 Others
- Latest Funding Round: Series F, Jun 03, 2026, $*****
- Tracxn Score: 74/100 What is this?
- Competitors Rank: 1 of 106 Competitors
4. Jumio
Provider of AI-powered identity verification solutions. It offers AI-based KYC and AML solutions for businesses. The platform provides solutions for customer onboarding, fraud protection, identity verification, transaction monitoring, document verification, and SMS based authentication. It caters to financial institutions, gaming sectors, retailers, and telecommunication.
Key facts about Jumio
- Founded Year: 2010
- Location: Sunnyvale (United States)
- Stage: Acquired
- Total Funding till date: $196M
- Investors: Great Hill Partners, Millennium Technology Value Partners and 10 Others
- Latest Funding Round: Series D, Mar 23, 2021, $*****
- Tracxn Score: 73/100 What is this?
- Competitors Rank: 9 of 972 Competitors
5. Spotdraft
AI-powered contract lifecycle management solution for companies. It streamlines the drafting, signing, and management of contracts for businesses. The platform offers a shared space to review, redline, and finalize contracts. It provides a repository that allows users to consolidate and store contracts. Its analytics feature provides insights into the contracting process and supports the decision making process.
Key facts about Spotdraft
- Founded Year: 2017
- Location: New York City (United States)
- Stage: Series B
- Total Funding till date: $113M
- Investors: Premji Invest, Angel List and 56 Others
- Latest Funding Round: Series B, Jan 27, 2026, $*****
- Tracxn Score: 72/100 What is this?
- Competitors Rank: 12 of 5,018 Competitors
Companies founded year-on-year in the Native AI in Financial Services sector in US & Canada
35 new startups have been founded so far in 2026 in the Native AI in Financial Services sector in US & Canada. 106 Native AI in Financial Services startups in US & Canada were founded in 2023 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | 35 |
2025 | 63 |
2024 | 80 |
2023 | 106 |
2022 | 70 |
2021 | 62 |
2020 | 62 |
2019 | 51 |
2018 | 50 |
2017 | 57 |
Stage-wise distribution of Native AI in Financial Services sector companies in US & Canada
Out of the total 886 Native AI in Financial Services companies in US & Canada, 442 have secured funding. Among them, 199 have reached Series A or higher, and 115 to Series B or beyond.
Founded - 886
Funded - 442
Series A+ - 199
Series B+ - 115
Series C+ - 77
Company Stage | No. of companies |
|---|---|
Founded | 886 |
Funded | 442 |
Series A+ | 199 |
Series B+ | 115 |
Series C+ | 77 |
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Funding Trends in the Native AI in Financial Services sector in US & Canada
Total funding year-on-year in the Native AI in Financial Services sector in US & Canada
The Native AI in Financial Services sector in US & Canada saw a total funding of more than $13.7B in the last 10 years. The most amount of funding was in 2021 at more than $4.16B. There has been a total funding of $1.18B in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $1.18B |
2025 | $1.68B |
2024 | $1.79B |
2023 | $931M |
2022 | $1.77B |
2021 | $4.16B |
2020 | $522M |
2019 | $871M |
2018 | $476M |
2017 | $343M |
Recent Funding Rounds in Native AI in Financial Services in US & Canada
In the year 2026, till July 2026, Native AI in Financial Services companies in US & Canada have raised $1.18B in equity funding across 60 rounds.
In the same period last year (i.e. till July 2025), Native AI in Financial Services companies in US & Canada had raised $796M across 60 rounds.
So, 2026 has seen a 47.71% rise in funding in Native AI in Financial Services companies in US & Canada as compared to 2025.
Here are some recent, important funding rounds in Native AI in Financial Services companies in US & Canada:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 5980 | Jul 20, 2026 | - | |
Seed | 7222 | Jul 06, 2026 | - | |
Seed | 4442 | Jul 03, 2026 | ||
Series A | 7501 | Jul 02, 2026 | ||
Seed | 5205 | Jun 24, 2026 | - |
Top Investors in Native AI in Financial Services in US & Canada
Y Combinator is the top investor in Native AI in Financial Services companies in US & Canada based on number of companies invested.
Here are some top investors in Native AI in Financial Services companies in US & Canada:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Mountain View (United States) | ||
Sunnyvale (United States) | ||
New York City (United States) | ||
San Francisco (United States) | ||
Cambridge (United States) |
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M&A activity in Native AI in Financial Services sector in US & Canada
In the year 2026, till June 2026, 7 acquisitions happened in Native AI in Financial Services sector in US & Canada. Last year, in 2025, a total of 9 acquisitions happened in Native AI in Financial Services sector in US & Canada.
Here are some recent, important acquisitions in Native AI in Financial Services sector in US & Canada:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Jun 23, 2026 | ||
Business Acquisition | Apr 22, 2026 | ||
Business Acquisition | Apr 19, 2026 | ||
Business Acquisition | Mar 02, 2026 | ||
Business Acquisition | Feb 17, 2026 |
Acquisition trends in Native AI in Financial Services sector in US & Canada
Here are the acquisition trends in Native AI in Financial Services sector in US & Canada:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | 7 |
2025 | 9 |
2024 | 8 |
2023 | 2 |
2022 | 3 |
2021 | 6 |
2020 | 4 |
2019 | 2 |
2018 | 2 |
2017 | 2 |
IPOs in Native AI in Financial Services in US & Canada
In the year 2026, till February 2026, 1 IPO happened in Native AI in Financial Services sector in US & Canada.
Here are some recent, important IPOs in Native AI in Financial Services sector in US & Canada:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Feb 20, 2026 | National Association of Securities Dealers Automated Quotations (NASDAQ) | |
Jun 16, 2021 | National Association of Securities Dealers Automated Quotations (NASDAQ) | |
Feb 25, 2021 | National Association of Securities Dealers Automated Quotations (NASDAQ) | |
Aug 23, 2010 | Euronext Exchange (Euronext) |
Colleges which produce the most Native AI in Financial Services companies in US & Canada
Companies founded by alumni from top colleges in the Native AI in Financial Services in US & Canada
Most number of Native AI in Financial Services startups in US & Canada have been founded by alumni from Stanford University, Harvard University and University of Pennsylvania.
College | No. of companies |
|---|---|
Stanford University | 21 |
Harvard University | 20 |
University of Pennsylvania | 17 |
Carnegie Mellon University | 15 |
Columbia University | 14 |
Massachusetts Institute of Technology | 14 |
Cornell University | 12 |
University of California (Berkeley) | 12 |
Harvard Business School | 11 |
University of Waterloo | 11 |
Total funding in Native AI in Financial Services companies founded by alumni from top colleges in US & Canada
In the last 10 years, University of Pennsylvania graduates' Native AI in Financial Services companies in US & Canada have raised the most funding among top colleges. Wharton School alumni are second, and Harvard University alumni are third.
College | Total Funding |
|---|---|
University of Pennsylvania | $2.63B |
Wharton School | $2.4B |
Harvard University | $801M |
Columbia University | $754M |
The Wharton School | $638M |
Princeton University | $552M |
University of California (Berkeley) | $390M |
Stanford University | $353M |
Massachusetts Institute of Technology | $317M |
Columbia Business School | $196M |
Top News in Native AI in Financial Services in US & Canada
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Robinhood Announces Launch of Ventures Fund IICryptonews•Jul 24, 2026•Robinhood, Frst Capital, KelAI, Y Combinator
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Jumio Expansion Drives Q2 Growth with Enhanced Identity Intelligence CapabilitiesBiometricUpdate.com•Jul 23, 2026•Jumio
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Conta Azul Taps Oscilar to Manage Fraud Risk as Payments Business ScalesBusiness Wire•Jul 14, 2026•ContaAzul, Oscilar
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BOYLE Sports Partners with Jumio for Enhanced Player Onboarding in UK and IrelandCIO Influence•Jul 14, 2026•Jumio
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Quandri Partners With FirstChoice to Bring AI-Driven Insurance Automation to Independent AgenciesInsuranceNewsNet•Jul 07, 2026•MarshBerry, Quandri
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