Excited to announce that Halo Labs is backing Arva AI (YC S24)! Our group was immediately impressed by their application of agents to #compliance in #finance and #fintech ?? ??
Arva is building #product focused on key workflows across KYB, onboarding, verification, sanction screening and more. Traditionally these functions were driven by manual teams and customized approaches. Their agents are well positioned to add value to these individuals and allow them to orient their time around making key decisions rather than gathering #data.
Their approach also speaks to a few key themes with AI and agent approaches:
???Product velocity. The pace of #innovation in AI is accelerating, so rate of change can be more influential than an offering at a point in time. When partnering with a third party - companies need to see that they’ll be able to stay ahead of the curve. Arva’s development cycle, already with multiple product offerings, demonstrates how this approach can be executed.
??"80%". When the stakes are high, as they always are when it comes to compliance, outsourcing entire workstreams is a dubious proposition. Pointing to a 3rd party product after an issue isn’t acceptable. Automation can unlock SME time towards higher value add activities, verifying data, cross checking, and making decisions that influence the bottom line.
??Applying expertise. This team’s experience at Revolut, building products used by compliance teams is differentiating. It’s allows them to think like an end-user, and thats apparent from the functionality to the design.
Congrats to Rhim Shah and Oliver W. on graduating from Y Combinator! This also marks the first time at Halo Labs is backing a company where the CTO was an #engineer at another portfolio company previously so a big thank you to Seal as well! We look forward to the road ahead here on multiple fronts.
Learn more at https://www.arva-ai.com/
