This AI Startup Cracked the Financial Services AI Problem Everyone Else Missed 💸🤖

$500K ARR in 4 weeks. 154 banks on the waitlist. Here's what Eloquent AI built differently 📈

👋 Hey, Linas here! Welcome to a special issue of my daily newsletter. Each day, I focus on 3 stories that are making a difference in the financial technology space. Coupled with things worth watching & most important money movements, it’s the only newsletter you need for all things when Finance meets Tech. If you’re reading this for the first time, it’s a brilliant opportunity to join a community of 355k+ FinTech leaders:

Most AI companies in financial services are solving the wrong problem.

They are building chatbots when banks need operators. They are offering generic intelligence when the industry demands domain expertise. They are promising automation while delivering integration nightmares that require months of engineering work.

Eloquent AI understood something fundamental that their competitors missed: financial institutions do not need another AI assistant. They need an AI team member who can actually execute regulated workflows without requiring a complete system overhaul.

Four weeks after launch, they reached $500,000 in annual recurring revenue. Three weeks ago, they closed a $7.4 million seed round led by Foundation Capital in three days. The round was 12 times oversubscribed.

This is what happens when you solve a problem that has been quietly suffocating an entire industry.

Inside, you will also get full access to Top AI Agent Startups of 2025 & their pitch decks and a list of the top 100 artificial intelligence startups of 2024 (& their pitch decks), and the storytelling patterns that make frontier startups irresistible.

Let’s dive in & break it down: