Change Labs

Company Overview

Snapshot

Founded in October 2015 by Yaniv Levi and Dmitri Chebotarev, Change Labs operates with 1–10 employees. The company has raised $2.2 million across two funding rounds from two investors. In October 2017, Change Labs won the BBVA Open Talent 2017 competition, recognizing its AI solution.

Business overview

Change Labs develops an AI platform designed to enhance the financial health of retail customers for banks. The company's core technology optimizes existing banking services to drive customer satisfaction and expand revenue streams through non-interest-based services. Operating in the Fintech & Insurtech sector, Change Labs serves financial institutions, particularly banks, in markets including Israel, the United States, and Spain.

Strategic signal

In October 2017, Change Labs' AI solution was recognized as the winner of the BBVA Open Talent 2017, the world's largest fintech competition. This achievement signals strong validation of the company's innovative approach to financial health and its potential to significantly impact the banking industry by leveraging artificial intelligence to improve customer outcomes and expand service offerings.

Company Intelligence Q&A

What is Change Labs' primary focus?

Change Labs focuses on providing an AI platform that empowers banks to automatically improve the financial health of their retail customers by optimizing existing banking services.

When was Change Labs founded and by whom?

Change Labs was founded in October 2015 by Yaniv Levi and Dmitri Chebotarev.

What significant award did Change Labs receive?

In October 2017, Change Labs' AI solution won the BBVA Open Talent 2017, which was recognized as the world's largest fintech competition.

Which investors participated in Change Labs' funding rounds?

Change Labs received funding from Nielsen Innovate and Office of the Chief Scientist.

What is the current operational status of Change Labs?

Change Labs ceased to operate in March 2022.