Roanoke fintech startup KlariVis closes $11M funding round

KlariVis closed an $11 million Series B funding round, the Roanoke-based banking data analytics startup announced Thursday.

KlariVis provides data analytics solutions for community banks and credit unions. The fintech company has doubled its revenue and customer count year-over-year and has 100 clients, according to a news release. The $11 million will be used for advancing KlariVis’ engineering, product development, customer success, and sales and marketing.

“As we expand our market share, our primary focus is empowering an increasing number of community banks and credit unions with a revolutionary approach to data-driven insights,” KlariVis founder and CEO Kim Snyder said in a statement. “This is an opportune time for us to double down on what’s working.”

La Jolla, California-based technology-focused equity firm Blueprint Equity led the funding round.

“KlariVis has been a great success thus far, and we believe that we can help the business maximize its potential with our capital and internal platform team,” Bobby Ocampo, co-founder and managing partner of Blueprint Equity, said in a statement. “We’ve been in dialogue with Kim for years, and it’s been exciting to witness their growth.”

Snyder, who was the chief financial officer of Valley Bank before BNC Bancorp acquired it in 2015, founded KlariVis in February 2019. The company launched in January 2020.