Attune
An insurance producer driven by technology and human insights focused on helping brokers and their clients thrive.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
N/A | Seed | ||
| Total Funding | 000k | ||
| USD | 2022 |
|---|---|
| Revenues | 0000 |
| EBITDA | 0000 |
| Profit | 0000 |
| EV | 0000 |
| EV / revenue | 00.0x |
| EV / EBITDA | 00.0x |
| R&D budget | 0000 |
Source: Dealroom estimates
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Attune, formerly known as Lendsmart, operates as a New York-based developer of an engagement banking platform. Founded in 2020 by CEO AK Patel, the company provides financial institutions with a suite of digital tools designed to enhance customer interactions throughout their financial journey. The firm targets banks and credit unions, aiming to improve their operational efficiencies, increase customer conversions, and open new revenue streams. The business model centers on providing a platform that integrates with existing banking systems to augment operations and customer service.
The company's platform offers a range of products to streamline various banking processes. These include Digital Lending, which facilitates real-time underwriting, and Digital Onboarding for new accounts and credit cards. Attune also provides an Upsell & Cross-Sell feature that delivers personalized product and service recommendations. Additionally, the platform has a Digital Insurance component with automated underwriting and a Digital Connect tool for marketing teams to engage customers in real-time. A Digital Support function is also included to help customer service teams identify sales opportunities and improve service delivery.
In January 2024, Attune announced it had raised $2.225 million in a seed funding round. The round was led by Tribeca Early Stage Partners and included participation from CastleCreek Launchpad, ICBA, and Mike Roffler. This capital is intended to accelerate the company's growth by expanding its sales, marketing, and technology teams. The funding marked a significant point in the company's evolution, shifting its focus from a primarily lending-oriented service to a comprehensive engagement banking platform.
Keywords: engagement banking, financial institutions, credit unions, digital lending, customer onboarding, cross-sell, upsell, digital insurance, banking platform, real-time underwriting, operational efficiency, revenue channels, customer engagement, financial technology, fintech, banking software, customer journey, personalized banking