The Abu-Dhabi headquartered company, Metric, has announced a seven-figure seed round to grow its offering across the Gulf region and Asia. The company’s founders, Pakistani couple Meenah Tariq and Omar Parvez, are confident that the latest funding will enable them to take their innovative FinTech solution to the next level.
The Rise of Chief Financial AI: A Game-Changer for Business Owners
Metric’s flagship product, Chief Financial AI (CF-AI), has been designed to empower business owners to make data-driven decisions and achieve sustainable financial success. According to Meenah Tariq, the company’s CEO, CF-AI is not a bot but rather a “business co-pilot AI agent” that leverages cutting-edge artificial intelligence to analyze business financial data and provide actionable insights.
- CF-AI is built on top of $4bn worth of proprietary transactional data, making it a highly advanced and accurate tool for business owners.
- With CF-AI, business owners can gain a deeper understanding of their spending patterns and identify growth opportunities, enabling them to make informed decisions and drive their business forward.
Key Features and Benefits of CF-AI
Some of the key features and benefits of CF-AI include:
- Personalized financial analysis and recommendations
- Identification of growth opportunities and areas for improvement
- Streamlined financial reporting and accounting processes
- Access to a marketplace of financial products and services
According to Dr. Habiba, Metric’s CTO, CF-AI is designed to be user-friendly and accessible to business owners of all sizes and backgrounds.
Market Expansion and Partnerships
Metric has secured funding from several notable investors, including Sanabil 500 Global, Hub71, i2i Ventures, Plus VC, Epic Angels, and Accelerate Prosperity. The company’s web app and CF-AI are available in English and Arabic, with in-app educational content in both languages.
The company has also launched a pilot program to connect its users to financing opportunities and financial services, including business debit cards.
Founders’ Vision and Goals
Meenah Tariq and Omar Parvez, the founders of Metric, have a clear vision for the company’s future.
“With over 500 businesses signed up already to use Max, and with the region’s top investors backing us, we are building from the GCC, for the world,” said Tariq.
“We built Metric to de-mystify accounting and finance for business owners, to increase access to funding and growth – and our CF-AI does exactly that,” added Tariq.
Future Plans and Projections
With the funds from the latest seed round, Metric plans to accelerate access to CF-AI for business owners and scale up its pilots for funding access and financial products.
The company also aims to expand its offerings through its fintech marketplace for business owners, with a focus on the MENAP region.
| Region | Number of Businesses | Number of Countries |
|---|---|---|
| Gulf Region | 130,000+ | 190+ |
Metric’s seven-figure seed round is a significant milestone for the company, and its innovative CF-AI solution is poised to revolutionize the way business owners manage their finances. With the support of top investors and a clear vision for its future, Metric is well-positioned to expand its reach across the Gulf region and Asia, and beyond.