AI Fintech Black Ore Emerges from Stealth with $60m (Finextra, Startups)
Summary
Finextra news item dated 08 November 2023, headed AI fintech Black Ore emerges from stealth with $60m. It reports that Black Ore, a startup developing AI tools for financial services firms, has emerged from stealth with $60 million in financing led by a16z and Oak HC/FT, with participation from angel investors. It says the firm was founded by Fundbox founder Eyal Shinar and former CME Group R&D lead Pavel Kapovski and has unveiled a flagship product, Tax Autopilot, for tax preparation and review by accounting firms. Claims about the technology are the firm's own as reported.
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Cited in: Eyal Shinar
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“Finextra, ‘AI fintech Black Ore emerges from stealth with $60m’ Nov 8, 2023.”
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AI fintech Black Ore emerges from stealth with $60m News Latest news Company updates Long reads TV Research Events All Conferences Webinars Popular Community Community latest Latest expert opinions Groups Search members Jobs APIs News Back News Latest news Company updates Long reads TV Research Events Back Events All Conferences Webinars Popular Community Back Community Community latest Latest expert opinions Groups Search members Jobs APIs payments markets retail wholesale wealth regulation crime crypto sustainable startups devops identity security cloud ai /start ups News and resources on fintech start-ups, scale-ups, hubs, accelerators, VCs and funding worldwide. Home News Startups AI fintech Black Ore emerges from stealth with $60m Editorial This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. AI fintech Black Ore emerges from stealth with $60m Black Ore, a startup developing AI tools for financial services firms, has emerged from stealth with $60 million in financing led by a16z and Oak HC/FT, with participation from a host of big-name angel investors. 3 08 November 2023 Be the first to comment Editorial This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Founded by Fundbox founder Eyal Shinar and former CME Group R&D lead Pavel Kapovski, Black Ore has built an AI and automation platform to accelerate core workflows for financial services businesses and simplify the experience for their clients. The firm says its technology makes financial services professionals more productive, freeing them up to add more strategic value to clients, accelerate their businesses’ revenue growth and expand profitability. “When highly educated financial services professionals have to spend their time and resources on high-volume data entry and admin work, with little time left for strategic human thinking, industry innovation is sorely needed," says Shinar. As part of the firm's emergence from stealth, it has unveiled its flagship product, Tax Autopilot, which combines proprietary AI technology with federal and state tax codes and regulations to simplify the tax preparation and review process for Certified Public Accountants and accounting firms. Future product offerings will target wealth management, financial advisory and planning, insurance services, and more. The funding round was joined by General Catalyst, Founders Fund, Khosla Ventures, Trust Ventures, LionBird, SciFiVC, and SV Angel. Tech executives and angels also contributed, including former Citi CEO Vikram Pandit, ex Thomson Reuters boss Tom Glocer, PayPal founder Max Levchin, and Marqeta CEO Jason Gardner. [Webinar] The Next Big ISO 20022 Migration: Structured Addresses 1 3 Related Company Black Ore Channels /wealth management /wholesale banking /start ups Keywords accounting insurance Comments: (0) Sign in to comment Finextra Promoted [Webinar] Money Mules: Tackling Payments Fraud Across The Account Lifecycle Please read our Privacy Policy . Finextra About Community Rules Contact the community team News Guidance Contact the news desk Sales Media pack Contact the sales team Get involved Finextra Live@ Webinars Finextra TV Research Finextra.jobs Events Sustainable Finance Live NextGen Nordics EBAday NextGen:AI Join the community Register for news alerts © Finextra Research 2025
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