Financial GPT is a generative AI startup built to help businesses with their financial analysis tasks. FinanceGPT (Ipoxcap) was initially built for startups without an in-house finance team and for venture capitals looking to perform financial health checks on their portfolios in Africa, but over the past two years it has expanded to include investment managers and financial The company has grown to the point where it attracts a diverse range of customers, including Directors are out to quickly submit financial reports.
FinanceGPT is part of the 2023 Startup Battlefield 200 cohort and leverages proprietary AI models and GPT-4 to generate financial ratios that represent the overall health of a business, among other things, based on future performance and predictive ratings. Make predictions. Regarding uploaded accounting data.
“We generate shareable financial analysis dashboards and text-based reports based on company data and user requests,” says the CEO. Piwa Kambleco-founded a startup with Sibo Muhonta Appointed CFO in 2020.
“We started out by helping startups organize their finances in preparation for investors, but we also work with portfolio managers, retail traders, and corporate finance teams who use it to run investment businesses and manage portfolios. We have also seen demand for it,” Enkamble said.
He added that although the startup attracts customers from all over the world, its main focus remains Africa. Currently in Emerging Markets he is working on his FinanceGPT patch, which involves his three Lean language models to fill financial information gaps and biases in large language modes (LLMs) such as GPT-4. For example, the FinanceGPT-SSA model is designed to be proficient in African native languages and is said to ensure accurate financial insights in sub-Saharan African markets. Similar models are being built for the Middle East, North Africa, and even Asia Pacific.
“These are small-scale language models that work in conjunction with other fundamental models to fill the gaps left by large-scale language models with respect to developing countries. Macroeconomic trends in these regions “We recognize that this is very unique and different, and we want to make sure we understand this,” he said.
FinanceGPT is also working on developing a financial voice assistant in some African languages to provide financial advisory services. The voice assistant will be available through its own digital channels and partner financial institutions looking to reach rural customers.
The startup has been a member of Nvidia Inception since October 2022 and leverages its technology.
“Nvidia technology helps startups leverage new generative AI applications for a variety of industries. FinanceGPT leverages Nvidia GPUs and NeMo SDK as the foundation for a unique solution powered by generative AI. “We are addressing the limited accessibility and costs associated with financial advice and consultancy services,” said an Nvidia spokesperson.