Rulebase Secures $2.1 Million to Automate Fintech Back-Office Tasks

Rulebase, a Y Combinator-backed startup, has raised $2.1 million in a pre-seed funding round led by Bowery Capital. The funding will support the development of its AI co-worker software, designed to automate back-office tasks in financial services, such as compliance and quality assurance.

Founded in 2024 by Nigerian engineers Gideon Ebose and Chidi Williams, Rulebase aims to streamline operations by replacing manual tasks with AI-driven solutions. The software evaluates customer interactions, flags regulatory risks, and manages follow-ups across platforms like Zendesk, Jira, and Slack, while maintaining human oversight.

Currently, Rulebase's technology is deployed at clients like U.S. business banking platform Rho and an unnamed Fortune 50 financial institution. The startup's AI agent evaluates 100% of customer service interactions, significantly reducing costs and improving efficiency.

With the new funding, Rulebase plans to enhance its engineering capabilities and introduce new features such as fraud investigation and audit preparation. The company is targeting financial institutions across Africa, Europe, and the U.S., with potential expansion into adjacent sectors like insurance.