# Segmint

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/segmint

- Industry: Financial Services
- Headquarters: Cuyahoga Falls, US
- Website: www.segmint.com
- Total disclosed funding: $0.3M
- Latest round: Seed (Jul 27, 2011)
- Investors on record: 1

## About

Segmint, Inc. provides advanced data analytics solutions that enhance customer engagement and optimize marketing strategies specifically for financial institutions, primarily in the United States and Canada.Founded in 2008 in Cuyahoga Falls, US, Segmint, Inc. specializes in data analytics for financial institutions. The company has completed 6 deals with the most recent being an Add-on Trade Sale worth USD 135.50 mn from Alkami Technology Inc. on March 28, 2022. The founders, Nate Shahan and Rob Heiser, have cultivated a strong background in analytics and financial services, positioning Segmint as a key player in this sector.Segmint offers innovative data analytics solutions targeted at enhancing customer engagement and optimizing marketing strategies for financial institutions. Their core product suite includes advanced consumer analytics tools that provide insights into customer behaviors, preferences, and transaction patterns. By utilizing proprietary algorithms, Segmint enables banks and credit unions to tailor their offerings to meet specific consumer needs, ultimately focusing on improving customer retention and driving revenue growth. Their clientele includes regional banks, credit unions, and financial service providers in the US and Canada, who leverage these tools to tackle market competition and customer loyalty challenges. The products are designed for scalability and adaptability to enhance operational efficiency and market presence.Segmint generates revenue through a subscription-based model, with various pricing tiers based on the scale and complexity of services utilized. Clients typically enter into annual contracts for access to the analytics platform, ensuring ongoing updates and customer support. Partnerships with financial institutions are also established to integrate analytical tools into existing systems, facilitating data-driven decision-making. Revenue transactions are structured around these partnerships and subscriptions, enabling clients to pay according to the level of service and data access required. The flagship products significantly influence this revenue model by enhancing marketing effectiveness and customer engagement strategies.Segmint plans to utilize the capital from the USD 135.50 mn acquisition by Alkami Technology Inc. to invest in the development of new products aimed at expanding their analytics capabilities. The company is targeting expansion into new markets within North America, with a focus on enhancing their offerings for larger financial institutions by 2024. This strategic growth will involve leveraging recent funding to enhance product development and market penetration strategies.

## Funding rounds

- Seed, Jul 27, 2011, $0.3M — JumpStart

## Investors

- JumpStart (https://capitalatlas.ai/funds/jumpstart) — Seed