GorillaTech Fuels AI Fintech for SMBs with $2M Boost
Deal News | Feb 10, 2025 | EIN
GorillaTech, an innovative fintech company, has successfully secured $2 million in pre-seed funding to provide small and mid-sized businesses (SMBs) with cutting-edge financial solutions. The funding round aims to revolutionize how SMBs operate by leveraging AI-driven insights through its XAiLES and GorillaPay platforms. This financing will enable GorillaTech to address a trillion-dollar market, offering tools that improve operations, secure data with blockchain, and enable smarter decision-making. The company is spearheaded by experienced leaders, including Founder & CEO Steven Saxton, who brings vast expertise from entertainment, technology, and finance. Katherine Saxton and Lee Daley further strengthen the leadership team, contributing crucial insights and strategic guidance. With 100+ million SMBs globally facing issues related to high transaction fees and limited financial insights, GorillaTech's AI-powered fintech solutions target a significant unmet demand. The company also plans to support climate mitigation and clean water initiatives, further aligning with its long-term goals.
Sectors
- Fintech
- Artificial Intelligence
- Small and Medium-Sized Enterprises (SMEs)
Geography
- United States – GorillaTech is based in Los Angeles, CA, and initially targets U.S. SMBs with its AI-driven fintech solutions.
Industry
- Fintech – The article discusses GorillaTech, a fintech company, and its AI-driven financial solutions for small and mid-sized businesses.
- Artificial Intelligence – GorillaTech leverages AI-powered platforms to provide real-time financial insights and streamline operations for SMBs.
- Small and Medium-Sized Enterprises (SMEs) – The focus of GorillaTech's solutions is on enhancing financial operations for SMBs within a competitive market.
Financials
- $2,000,000 – GorillaTech secured $2 million in pre-seed funding to advance its fintech solutions for SMBs.
- $800,000 – Part of the $2 million funding was contributed by Founder Steven Saxton.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| GorillaTech | Target Company | Company | A fintech company offering AI-driven insights and tools for SMBs to enhance their financial operations. |
| Steven Saxton | Founder & CEO | Person | Founder and CEO of GorillaTech with extensive experience in entertainment, technology, and finance. |
| Katherine Saxton | Co-Founder & Chief Experience & AI Officer | Person | Co-Founder and CXAO of GorillaTech, leading AI solutions and user experience strategy. |
| Lee Daley | Co-Founder & Chief Strategist | Person | Co-Founder and Chief Strategist at GorillaTech, shaping strategy and leading design and technology teams. |
| Tarun Tyagi | CTO | Person | Chief Technology Officer at GorillaTech, leading AI and blockchain innovations. |
| XAiLES | Platform | Other | GorillaTech's AI-driven platform that provides actionable financial insights for SMBs. |
| EIN Presswire | News Aggregator | Company | Source of the article providing news content on banking and finance. |