Fego

Fego

An open finance platform that allows developers to link to their users' bank accounts and understand their financial behavior.

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Acquisition
Total Funding000k

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Revenues, earnings & profits over time
EUR20212023
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Source: Dealroom estimates

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More about Fego
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Fego.ai is a forward-thinking startup that operates in the financial technology (fintech) sector, primarily serving businesses that aim to enhance their financial service offerings. The company provides a suite of products designed to integrate seamlessly into existing applications, enabling businesses to offer advanced personal finance management tools to their users.

Fego.ai's core offerings include FegoConnect, FegoXP, and FegoIntel. FegoConnect helps businesses onboard users onto the Account Aggregator (AA) framework, allowing access to real-time financial data that is cleansed and categorized for easy use. This means businesses can quickly and efficiently gather and organize financial information from various sources.

FegoXP is a comprehensive suite of embeddable personal finance management experiences. These tools can be integrated directly into a business's app, providing end-users with personalized financial insights and management capabilities. This enhances user engagement and satisfaction by helping individuals better understand and manage their finances.

FegoIntel offers targeted financial intelligence, providing deep insights into creditworthiness, fraud risk, and recovery potential based on transaction data. This product helps businesses make informed decisions about their customers, improving risk management and customer lifetime value.

The company operates on a B2B (business-to-business) model, generating revenue by licensing its software and tools to other businesses. These clients can range from banks and financial institutions to fintech startups and any company looking to offer enhanced financial services to their customers.

Fego.ai's market is primarily focused on India, aiming to simplify and make finance more relevant for every Indian. By leveraging artificial intelligence and natural language processing, Fego.ai categorizes and enriches transaction data, providing actionable insights and personalized financial experiences.

In summary, Fego.ai empowers businesses to deliver superior financial experiences to their users, driving engagement and value through advanced data analytics and seamless integration.

Keywords: Fintech, Personal Finance, Data Analytics, AI, B2B, India, Financial Insights, Risk Management, User Engagement, Embedded Finance.

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