Eloquent AI: $500K ARR in 4 weeks automating regulated financial operations via computer use — seed round just closed

the next one. And we are ready for our next guest coming on in to the Palace of Party Rounds to YC Demo Day 2025. Welcome to the stream. How are you doing? Nice to meet you. Very nice to meet you. I'm John. Tuchce. Hey Jordan, nice to meet you. Great to John. Pleasure. What's happening? I'm I'm kicking this over.

Uh would you mind starting with an introduction on yourselves and the company you're building today? Absolutely. This is Tu. I'm the CEO of Eloquent AI. And I'm Aldo. I'm the chief AI officer of Eloquent AI. Fantastic. And what are you building? We are basically building an AI platform for financial services. Okay.

To automate complex regulated operations. Okay. What's an example of that? For example, in a bank, if you want to unfreeze an account or handle a reg dispute, run KYC, KYB, this usually goes currently to support teams. And you have a big queue, right? It might take up to two weeks to open a new business account.

Happens all the time. So, we solve that problem. Rather than that going to support team, it comes to our dedicated AI operator. Our AI operator takes on the job. And here's the real magic. It basically navigates your existing core banking portal just like your support team does.

We don't need any APIs or any engineering. Exactly. Right. So this is coming from Aldo's research for more than 5 years. Um they developed this technology that allows us to do computer use and browser use in a reliable way for very specific tasks. Mhm.

How much of what you're doing is purely enabled by the advances that the foundation model labs versus fine-tuning or any sort of uh scaffolding that you're doing on top of the the state-of-the-art models. That's a fantastic question. Do you want to tell a little bit? Yeah, of course it's a little bit of both, right?

Foundation model of course gives us a lot of uh synthetic data for which we can on which we can train on. Uh but uh you know we leverage a multi-agentic architecture to actually perform the actions reliably. Mhm. What's the response been from big regulated financial institutions?

They are not traditionally the earliest adopters of new technologies, but everyone's talking about AI every day, so I'm sure they're excited to at least talk to you. What's the responsibility? You know, things have changed. We are finding it actually. We reached half a million ARR in four weeks. Congratulations.

I love that. Congratulations. Um, and the reason is because I think all these banks now have the mandate. Wait, did you say four and a half? four and a half half a millionaire arrive in four weeks. There we go. All right, just do that every four weeks for the rest of the year.

Well, at this stage, we actually have a waiting list. We have more customers than we can on board because as I was saying, things changed in the financial industry. They want to bring this cutting edge AI in house as quickly as possible. That's amazing. Very cool. How's how's YC been?

Honestly, in any metric, it massively exceeded my expectations. That's amazing, right? Amazing. I'm a second time founder. So, I thought, okay, do we really need to come to YC? You know, we already have the investor networks.

But what was really beyond my expectations is the customer network, especially in financial institutions is incredible. A lot of YC alumni are now running big fintech companies, banks, and they have been very welcoming. We can definitely feel the love. That's amazing. Amazing. Um, how big is the team?

Where are you going next? I'm sure you're raising money. What's happening down the down the road? What's in the next 12 months? Absolutely. So, we raised a big seed round. We closed last week. Congratulations. Do I get another one? We're doing another one. We closed the seed round, everyone. I love that.

I love the spirit here. That's amazing. That's so good. That still surprises me every time. It does. It does still surprise me. I love it. And yeah, we close the seed round at the moment. It's basically heads down. We are building. We are six people. Aldo is leading our technical team. Fantastic.

I do sales and we are hiring 10 more people. So 10 more people. If anyone is watching who is looking for a new role, they are very welcome to reach out. That's amazing. Well, thank you so much for stopping for soon. Let's bring in the next guest. We