Oklahoma bank with $12.5B in assets goes from client to investor in OP fintech
Overland Park-based startup Finotta has a powerful advantage: One of its big customers also is an investor.
First United Bank & Trust, a $12.5 billion privately held bank headquartered in Durant, Oklahoma, started as a customer. Then it became the sole investor in a $3 million seed round last fall for Finotta, which developed technology to revamp a financial institution's mobile app with personalized customer experiences. The startup's software uses algorithms to analyze a customer’s financial lifestyle, such as where money is spent, and predict what that customer will need moving forward. The app then can promote financial services that fit those needs...
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