FinovateSpring 2025 / Parcha
Demo video will be available soon.
Presenter Profile:
How they describe themselves: Banks and fintechs use Parcha’s AI to accelerate manual KYC/B compliance reviews, resulting in 10X faster onboarding, 75% cost reductions, and 90% fewer false-positives.
How they describe their product/innovation: Parcha’s new AI agent platform makes it easy for financial institutions to create, test, and deploy AI agents to automate your manual compliance workflows in minutes, not weeks or months. Using our platform you can customize an AI agent for enhanced due diligence, reviewing AML screening alerts, investigating transaction alerts, verifying documents, and much more.
Product distribution strategy: Direct to Business (B2B), Through other fintech companies and platforms
Credit Union/Community Bank Fit: Credit unions and community banks
Contacts:
Bus. Dev. & Press: AJ Asver (CEO & Co-Founder), [email protected], 415-290-2190
Website: parcha.com
LinkedIn: linkedin.com/company/parcha-ai
HQ: San Francisco, CA, USA
Founded: March 2023
Product Demoed: AI Agents for AML Compliance
Metrics: Funding: $7M | Revenue: >$1M ARR | Headcount: 5-10
- Key Executives
AJ Asver (CEO & Co-Founder), Miguel Rios Berrios (CTO & Co-Founder), Anu Gardiner (Head of Enterprise Sales)
Key Stats
- Key Board Members
Steve Jang (Managing Partner & Founder, Kindred Ventures), Brett Gibson (Managing Partner, Initialized Capital)
- Key Investors
Steve Jang (Kindred Ventures), Brett Gibson (Initialized Capital), Nick Daly (Fin Capital)
- Key Partners
Alloy, ComplyAdvantage, Middesk, Prelim
- Key Customers
Coinbase, Stripe, Airwallex, Pipe, FVBank