Vymo is an Indian-founded sales workflow automation solution for financial institutions, which offers an AI-powered assistant with a suite of sales automation tools that can be integrated with customer relationship management (CRM) platforms Salesforce and Microsoft Dynamics 365. Its proprietary algorithm generates recommendations modified to sales representatives’ targets (quarterly), calendar availability, and locations. It also features data capture tools (calls, emails, meetings), smart nudging, and sales playbooks. The firm specializes in the financial services industry with specific solutions for banking and insurance, such as developing specialist playbooks with benchmarks for sales and distribution in financial services. As of February 2022, the platform had more than 250,000+ users across 65+ companies in over eight countries; its customers included Berkshire Hathaway, Generali Bank, Sun Life Financial, AIA, AXA Bank, and HDFC bank.
In February 2022, the company raised USD 22 million in a Series C funding round led by Bertelsmann India Investments (BII). The company intended to use the funds to execute its growth strategy in the US and Japan. Vymo also reported a growth of more than 20% QoQ and a net revenue retention rate of 142% in 2021.
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