OpenFi funding news – London-based OpenFi Secures €585k in Pre-Seed Funding

Merely 3% of leads resulting from performance marketing in today's very competitive market go on to become customers, so squandering precious marketing funds and alienating prospective clients. On the other hand, companies using messaging solutions to interact with customers reported a 34-fold boost in ROI and a 58% increase in leads. Furthermore, when companies address their issues promptly, their customer retention rate increases by 2.4 times.

This puts many companies in a difficult situation: while more attentive customer service teams may boost revenue, maintaining round-the-clock customer support representatives would be unaffordable. For this reason, OpenFi is leveraging AI to transform and empower consumer relationships.

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With regards to the new platform, lead investor Bijan Morvaridi stated, "Having worked in the restaurant business for years, I know how important personal service is." I support OpenFi because their technology is the only AI application that I have used that feels personal and human.

Sam Oliver, OpenFi CEO and Founder, stated: “This conversational AI technology enables companies to give a far more satisfying customer experience, at a higher profit margin. We’re creating a win-win-win situation for customers, companies and our investors.”

Nick Katz, Founding Partner of Foundation Ventures, commented: “Having followed Sam’s previous company Lead.Pro from start-up to trade sale, I was impressed by his ability to find product-market fit, focus on customer needs, and generate revenue. This is why Foundation Ventures was keen to back his new play.”

About OpenFi

OpenFi's SalesTalkAI creates human discussions over email, social media, and WhatsApp. SalesTalkAI use conversational AI that understands natural language to screen, qualify, and nurture prospects. It then escalates those leads who are ready for closure to team members who are human.

SalesTalkAI efficiently grows sales and enhances profit by freeing up the human team to concentrate on the high-value prospects. Without requiring the assistance of a human workforce, SalesTalkAI may also interact with current clients to guarantee a high renewal conversion.