FinanceGPT is a South African startup that uses generative AI to help companies with financial analysis. It was founded in 2020 by Phiwa Nkambule and Sibo Mkhonta.
The startup initially focused on helping startups without in-house finance teams and VCs looking to run financial health checks for their portfolios in Africa. However, it has since expanded its clientele to include investment managers and finance officers around the world.
FinanceGPT’s Products and Services
FinanceGPT uses proprietary AI models and GPT-4 to generate financial ratios, make predictions on future performance, and forecast valuations based on uploaded accounting data. It also generates shareable financial analytics dashboards and text-based reports.
FinanceGPT Patches
The startup is currently working on FinanceGPT Patches, three lean language models that will be proficient in native African languages and designed to deliver accurate financial insights on sub-Saharan Africa markets. Similar models are being built for the Middle East and North Africa, as well as Asia-Pacific.
FinanceGPT is also developing a financial voice assistant that will be competent in some African languages to deliver financial advisory services. The voice assistant will be available through its own digital channels and partner financial institutions trying to reach customers in rural areas.
FinanceGPT’s AI models can generate financial ratios, make predictions on future performance, and forecast valuations based on uploaded accounting data. It can also generate shareable financial analytics dashboards and text-based reports.
FinanceGPT’s Partnership with Nvidia
It has been a member of Nvidia Inception since October 2022 and is leveraging Nvidia’s technology to develop its products and services. The startup uses artificial intelligence (AI) to help companies with their financial analysis. It was founded in 2020 in South Africa and has since expanded its clientele to include companies around the world.
FinanceGPT’s AI models can generate financial ratios, make predictions on future performance, and forecast valuations based on uploaded accounting data. It can also generate shareable financial analytics dashboards and text-based reports.
FinanceGPT’s Focus on Emerging Markets
FinanceGPT is currently working on new products and services that will be tailored to the needs of emerging markets. For example, it is developing a financial voice assistant that will be competent in some African languages to deliver financial advisory services to customers in rural areas.
FinanceGPT is a promising startup that is using AI to make financial analysis more accessible and affordable for companies of all sizes.
