OpenAI Acquires Hiro Finance to Enhance Financial Tools

Synopsis

Hiro Finance, backed by VC firm Ribbit as well as General Catalyst and Restive, was founded in 2023. The startup launched its AI-based financial planning tool roughly five months ago. It enabled AI-powered financial planning for consumers: users input their salary, debt, and monthly expenses, and the app would model various scenarios to guide financial decisions.

ETtechOpenAI has acquired the startup Hiro Finance as part of its efforts to position its AI chatbot as a useful tool for business finance teams. Ethan Bloch, founder of the personal finance AI startup, announced the deal with the ChatGPT maker in a post on professional networking platform LinkedIn on Monday. Separately, OpenAI confirmed the deal to news publication TechCrunch.

The terms of the acquisition were not disclosed.

Hiro Finance, backed by VC firm Ribbit as well as General Catalyst and Restive, was founded in 2023. The startup launched its AI-based financial planning tool roughly five months ago. It enabled AI-powered financial planning for consumers: users input their salary, debt, and monthly expenses, and the app would model various scenarios to guide financial decisions.

Bloch said the startup's vision was to build an "AI personal CFO." In his LinkedIn post announcing the deal, he said Hiro has helped clients plan for and manage more than $1 billion in assets.

OpenAI Acquires Hiro Finance to Enhance Financial Tools

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