Otomo
Otomo is a luxury vehicle rent platform.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
N/A | Early VC | ||
| Total Funding | 000k | ||
| USD | 2021 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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Otomo operates as a financial technology firm providing a "self-driving finance as-a-service" platform. Initially conceived as a direct-to-consumer application, the company strategically pivoted to a business-to-business-to-consumer (B2B2C) model after recognizing significant interest from financial institutions for its patented technology. The core of Otomo's offering is an AI-curated platform designed to automate the daily financial activities of consumers. This service can be embedded into a client's existing infrastructure or offered as a white-label product, generating licensing revenue for Otomo from the outset.
The company was founded in Los Angeles by Khellar Crawford, who serves as the CEO. Crawford is described as a self-driving finance innovator and an exited founder. The company's platform addresses various aspects of personal finance by allowing users to set up automated rules for managing their income to achieve specific goals. Key functionalities include tools for paying down debt, building savings for significant purchases like a house, and automating investments. Otomo aims to simplify personal finance management, removing guesswork and manual effort for the end-user.
Otomo primarily serves financial institutions, such as credit unions, helping them to enhance member engagement and create new streams of non-interest income. The platform's user experience is designed to be intuitive, drawing inspiration from popular applications like Acorns and Pinterest to create a tool that is not just functional but also engaging for members. By licensing its technology, Otomo enables other companies to offer advanced, automated financial wellness tools to their own customer base, a shift that opened a path for more widespread adoption.
Keywords: self-driving finance, financial technology, B2B2C, personal finance automation, AI-curated platform, financial wellness, embedded finance, white-label fintech, credit union solutions, automated savings, debt management, investment automation, Khellar Crawford, financial services, digital banking strategy, member engagement, non-interest income, fintech licensing, automated money management, financial goal setting