FinTech Firm Carefull Secures Funding from CIBC Innovation

Helping Older Adults Stay Safe
Carefull Secures Funding from CIBC Innovation Banking to protect older adults from fraud and help families manage financial risks with smart AI tools. This investment shows trust in Carefull’s mission and supports its growth plans in the financial sector.

How Carefull Works
Founded to fight financial scams against aging adults, Carefull uses AI to monitor bank accounts and credit cards. It looks for unusual activity, fake charities, romance scams, and signs of money mistakes. It even spots early warning signs of memory loss. Families and caregivers get alerts and advice so they can act fast and prevent losses.

Why This Funding Matters
The amount from CIBC Innovation Banking was not shared. However, it will help Carefull grow faster. With this funding, Carefull Secures Funding to expand its services to more families, banks, credit unions, and wealth managers. This means more seniors will have tools to stay financially secure.

What Leaders Say
Co-founder Todd Rovak said this new funding allows Carefull to build better tools and protect more people. He added that the partnership with CIBC will help meet the rising needs of aging adults and their caregivers.

Brittany Blanco, director at CIBC Innovation Banking, shared that Carefull’s work matches what they value most: helping people avoid financial mistakes and fraud.

A Big Step Forward
Scams targeting older adults are increasing every year. Carefull’s platform adds a strong layer of safety and trust. As more families care for aging parents, this tool can ease stress and reduce risks.

With this support, Carefull plans to build new features, reach more communities, and partner with more banks. It aims to become a trusted name for elder financial protection.

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