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Multimodal

Can vertical agentic AI become the decisioning layer on top of every community bank, credit union, and insurer's core systems?

Founded2023
HQNew York, NY, United States
FoundersAnkur Patel
IndustryVertical SaaS / Financial Services AI
The story

Founded in early 2023 by Ankur Patel (ex-Bridgewater, JP Morgan, Glean AI) as an agentic AI startup focused on the regulated verticals of finance and insurance. Positioned its AgentFlow platform as a 'system of intelligence' layered on top of banks', credit unions', and insurers' existing systems of record, targeting lending operations, underwriting, and private equity fund/portfolio ops. Not an embedded finance provider itself — a vertical AI SaaS vendor selling into embedded finance and traditional finance customers.

Last 12 months
2025
2025
Product timeline
2023
Multimodal founded in NYC as an agentic AI startup for finance and insurance.· pivot
2024
Selected for Plug and Play Batch 19 Fintech Program; recognized in AI Top 100 and NJFAST cohorts.· pivot
2025
Launched AgentFlow platform with 100+ pre-built playbooks for credit unions, banks, and private equity.· pivot
The stack
0 layers disclosed in Multimodal’s embedded-finance stack
Accounting gap: none