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Announced

Completed

Glia completed the acquisition of Finn AI.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Digital Services

artificial intelligence

Friendly

Completed

Cross Border

Private

Single Bidder

Majority

Canada

banking

Acquisition

Synopsis

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Glia, a provider of digital customer services, completed the acquisition of Finn AI, an AI-powered chatbot platform for banks and credit unions. Financial terms were not disclosed. “This marks a new chapter for Virtual Assistants: Verticalization with Scale. Generic ‘one-size-fits-all’ bot providers have largely failed to meet the full potential of conversational AI, leading to the emergence of vendors focusing on specific industry verticals. Until now, none of the financial services bot vendors have been able to achieve widespread adoption on their own,” Dan Michaeli, Glia Co-Founder and CEO.

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