CHARLOTTE — On Monday, Rivet Solutions, Inc. filed with the SEC for an equity-only offering of nearly $1.7 million. According to the filing, there were 13 investors.
WRAL TechWire reached out to understand more about the filing and learned that this raise was for the funding of a new fintech company called Vectari, based out of Charlotte.
According to a press release provided by the Vectari CEO and co-founder, Christopher Hart, the new company has closed pre-seed funding aimed at accelerating the research, development, and sales of the company’s initial product offerings. The investors for this round included Charlotte Fund, and Walnut Grove Holdings of Richmond, VA.
According to the Vectari website, the company aims to offer “bank-grade” AI solutions to assist with regulatory language, scam detection & prevention, and policy insights for the financial services industry.
Rivet Solutions, the company behind Vectari, was incorporated in early August. Alexandra Villarreal O’Rourke is also listed as co-founder and president of Vectari.