Birdylabs
Developing a savings assistance service.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | $3.0m | Early VC | |
| Total Funding | 000k | ||
| EUR | 2018 |
|---|---|
| Revenues | 0000 |
| EBITDA | 0000 |
| Profit | 0000 |
| EV | 0000 |
| EV / revenue | 00.0x |
| EV / EBITDA | 00.0x |
| R&D budget | 0000 |
Source: Company filings or news article
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Birdylabs is a financial technology company established in early 2016 by co-founders Fabien Keller, Julien Mortuaire, and Clément Flinois. The company operates in the fintech sector, providing technology solutions primarily for banks and their retail customers. The business model is centered on a white-label savings coach that financial institutions can integrate into their existing online and mobile banking platforms, thus offering value-added services to their clients.
The core product is a service that allows bank customers to automatically save small amounts of money through daily transactions. Its initial application, Birdycent, enables users to round up their purchases to the nearest euro, with the difference being automatically transferred to a savings account. This micro-savings mechanism is designed to be effortless for the end-consumer. The platform also features various savings algorithms based on account transactions and provides banks with an "à la carte" coach that can be customized for their customer base. Birdylabs has established partnerships with major financial institutions, including BNP Paribas and Société Générale, as of 2017.
A significant milestone for the company was securing a $3 million first-round investment from Rising Sun in November 2018. This capital was intended to fund international expansion and the further development of its intelligent savings coach. The founders' journey included participation in an accelerator program with École Polytechnique, which helped develop the initial application. The company has also indicated plans to leverage its payment transaction analysis technology to expand into loyalty programs and donation initiatives. While initially Paris-based, the company is also listed as being located in Delaware and offers custom software and web application development services.
Keywords: fintech, white-label banking, savings coach, micro-savings, round-up savings, personal finance, financial technology, banking solutions, Birdycent, payment transaction analysis, digital banking, mobile banking, retail banking, customer savings, automated savings, financial wellness, bank partnerships, B2B fintech, savings algorithms