Latest news with #MaxAI
Entrepreneur
2 days ago
- Business
- Entrepreneur
Profitable, AI-Powered Tech, Now Preparing for a Potential Public Listing
Everyday investors now have their first opportunity to join, with exclusive bonuses available until June 13. Disclosure: Our goal is to feature products and services that we think you'll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners. Since 2003, ConsumerDirect has helped consumers take control of their finances, maturing into a massive fintech platform that earned over $100M in gross revenue last year alone1. And it all happened without relying on venture capital or private equity. Now the company is preparing for a potential public listing*, having already reserved the ticker symbol CNDR2. But instead of turning to institutions or private equity to meet listing requirements, they're opening this round to the people who made their success possible: everyday people who are taking control of their financial lives. So it's no wonder investors are learning all they can about what's driving ConsumerDirect's success before the key June 13 deadline3. The technology powering ConsumerDirect's growth At the center of ConsumerDirect's platform is SmartCredit®, a suite of tools that lets consumers track and maximize their credit in real time. And behind SmartCredit® is Max AI™, a proprietary intelligence engine that analyzes up to 9,000 data points4 per user to deliver personalized credit-building strategies. This is what makes the platform different: it's an intelligent system that adapts to each person's unique financial picture. And because MaxAI™ is deeply integrated into the platform, ConsumerDirect monetizes this engine through a diversified model: Direct-to-Consumer Subscriptions – Monthly fees for SmartCredit® access – Monthly fees for SmartCredit® access Affiliate Commissions – Revenue from credit cards, loans, and other partner products – Revenue from credit cards, loans, and other partner products Enterprise Licensing – White-label and API partnerships with businesses This high-margin, recurring revenue model has made ConsumerDirect profitable and scalable – a rare combination in fintech. Traction that deserves credit Since launching SmartCredit®, ConsumerDirect has helped its more than 300,000 monthly active users take control of their credit and financial health. That amounts to roughly $3 billion5 in combined savings through more informed lending decisions and personalized credit strategies. That's produced $102 million1 in revenue and $10 million+ in EBITDA1, but what makes those figures even more impressive is their 88% gross margins1. Of course, just as important is their business-to-business reach. More than 3,800 active partners6 now use ConsumerDirect's platform through white-label or co-branded integrations, providing high-margin, recurring revenue and extending the company's influence far beyond direct-to-consumer sales. This mix of profitability, consumer demand, and B2B adoption positions ConsumerDirect for continued success. Why investors are circling June 13 ConsumerDirect recently reserved the ticker symbol CNDR2 in preparation for a potential direct public listing on a national securities exchange. To list on an exchange, they need at least 200 individual investors who've invested $2,500 or more. Instead of courting institutional investors, they're turning to those who power their mission: everyday people. When you invest before June 133 you can receive up to 14% in bonus shares: $2,500+ = 7% bonus $5,000+ = 9% bonus $10,000+ = 11% bonus +3% more for the first 200 investors ConsumerDirect is profitable, growing, and ready to scale further. Don't miss your chance to invest in a real business with real traction before its potential public listing. Secure your ConsumerDirect shares before June 13 to maximize your stake in their growth. This is a paid advertisement for Consumer Direct's CF offering. Please read the offering circular at 1 The financial information presented herein is derived from audited financial statements for the year ended December 31, 2024. Readers should refer to the full audited financial statements and accompanying notes for a comprehensive understanding. 2 Reserving the ticker symbol is not a guarantee that the company will go public. Listing on a national securities exchange is subject to approvals. 3 See our Form C for important details regarding the investment deadline. 4 This number reflects the maximum potential insights generated per member and may vary by individual usage, data availability, and engagement levels as of April 2025. All data is derived from internal methodologies and is unaudited. This information is provided for illustrative purposes only and is subject to change without notice. 5 Calculation Methodology: Our savings calculations are estimates using historical internal data. It is based on analyzing subscribers credit reports that had an increased credit score, while a current subscriber, for two categories: new auto and new mortgage financings. The calculations assumed precise credit score reporting, a consistent correlation between score ranges and financing rates, uniform loan terms except for interest rates, and steady interest rates over the loan's term, along with unvarying borrowing behaviors among users. It's important to note that our calculation estimates rely on accurate credit reporting, average loan data and current interest rates, but may not account for an individual subscriber's interest rate variations, if any, or significant shifts in users' borrowing and repayment habits, if any. Additionally, there was an assumed conversion from VantageScore® v3.0 to FICO® v8.0 and then verified by an official FICO® v8.0 calculator to determine savings from starting credit score to credit score before the above mentioned financing occurred. Our calculation is subject to change without notice. 6 Based on internal company records as of March 2025. It reflects partners who engaged in qualifying business activities during the specified reporting period, as determined by internal criteria. This information is provided for informational purposes only and does not represent a guarantee of current or future partner activity. The definition of "active" may vary, and the active partners count is subject to change without notice.
Business Wire
22-04-2025
- Business
- Business Wire
AnswerRocket Acquires Cognitive Spark to Accelerate Agentic AI Transformation for Enterprises
ATLANTA--(BUSINESS WIRE)--AnswerRocket, a pioneer in enterprise AI solutions since 2013, today announced the acquisition of Cognitive Spark, a management consulting firm that specializes in developing advanced data science and machine learning algorithms for enterprises. Cognitive Spark's team immediately strengthens the company's ability to transform complex data science into accessible insights through agentic AI. "Our acquisition of Cognitive Spark directly tackles the 'last mile problem' of data science, where valuable data insights often fail to reach decision-makers," said Jim Johnson, Managing Partner of AI Solutions and Consulting at AnswerRocket. Share The integration of Cognitive Spark's capabilities with AnswerRocket's consulting practice and its agentic Max AI platform will enable clients to: Close the gap between strategic business initiatives and technical capabilities Transform data science from a specialized function to an enterprise-wide capability Solve complex business problems through custom machine learning algorithms and accurate data foundations Deploy AI agents that autonomously perform advanced statistical analysis Reduce time-to-insight from weeks to minutes for business decision-makers Maintain enterprise-grade governance and security for AI-powered analytics Making Advanced Analytics Accessible with Agentic AI Enterprises today invest millions in data science capabilities yet struggle to translate this investment into business impact. The disconnect between sophisticated analytical models and business decision-makers creates a costly gap where valuable insights remain trapped within specialized teams. AnswerRocket's expanded capabilities address this challenge through agentic AI solutions that solve critical business problems and deliver actionable insights. Cognitive Spark's expertise will enable AnswerRocket to create and deploy intelligent AI agents that automate complex data science routines for various use cases, such as pricing optimization, demand forecasting, and predictive customer analytics. Providing AI agents with data science tools makes advanced analytics accessible and actionable for business users, via AnswerRocket's Max AI or the customer's preferred agentic platform. Ensuring Data Readiness for Enterprise AI Adoption Critical to any successful AI implementation is the quality and accuracy of the underlying data. The combined expertise of AnswerRocket and Cognitive Spark addresses this foundational challenge through comprehensive data readiness services, including data engineering, data cleansing, and data harmonization. These capabilities ensure that AI solutions operate on reliable information, producing trustworthy insights that executives can confidently use for strategic decision-making. This end-to-end approach addresses the entire AI value chain, from data preparation and quality assurance to advanced analytics and business-ready insights. Strategic Expansion of AI Consulting Practice "Our acquisition of Cognitive Spark directly tackles the 'last mile problem' of data science, where valuable data insights often fail to reach decision-makers," said Jim Johnson, Managing Partner of AI Solutions and Consulting at AnswerRocket. "By joining agentic AI and data science, we can make advanced analytics broadly available to business users, enabling them to confidently make critical decisions on a daily basis." Cognitive Spark brings extensive experience in advanced analytics across multiple industries, including retail, financial services, healthcare, and construction. The Cognitive Spark team will be joining AnswerRocket, led by Andrew Sweet, current CEO of Cognitive Spark, who will serve as Vice President, Enterprise AI Solutions. "Joining AnswerRocket creates an unparalleled opportunity to scale the impact of advanced data science," said Sweet. "Organizations often struggle to bridge sophisticated analytics and practical business applications. By combining our expertise with AnswerRocket's agentic AI services, we're making advanced analytics truly accessible and driving real business impact." About AnswerRocket Founded in 2013, AnswerRocket is an enterprise AI solutions company that helps organizations achieve measurable results through AI transformation. The company provides end-to-end services including AI strategy and advisory, data architecture and engineering, custom AI solution development, operationalization and adoption support, and ongoing evolution of AI implementations. The company's proprietary frameworks and accelerators–including its agentic AI platform, Max AI–enable rapid development of enterprise-grade AI solutions that seamlessly integrate with existing infrastructure. For more information, visit About Cognitive Spark Cognitive Spark is a specialized data science firm focused on developing advanced machine learning algorithms and AI solutions for enterprise applications. Cognitive Spark's team of data scientists and AI specialists excels at creating custom predictive models and automated analytics solutions that deliver measurable business impact. The firm's distinctive management consulting practice bridges the critical gap between technical capabilities and strategic business objectives, helping C-suite executives transform data insights into actionable corporate strategies and operational improvements. For more information, visit
Associated Press
22-04-2025
- Business
- Associated Press
AnswerRocket Acquires Cognitive Spark to Accelerate Agentic AI Transformation for Enterprises
ATLANTA--(BUSINESS WIRE)--Apr 22, 2025-- AnswerRocket, a pioneer in enterprise AI solutions since 2013, today announced the acquisition of Cognitive Spark, a management consulting firm that specializes in developing advanced data science and machine learning algorithms for enterprises. Cognitive Spark's team immediately strengthens the company's ability to transform complex data science into accessible insights through agentic AI. This press release features multimedia. View the full release here: AnswerRocket Acquires Cognitive Spark to Accelerate Agentic AI Transformation for Enterprises The integration of Cognitive Spark's capabilities with AnswerRocket's consulting practice and its agentic Max AI platform will enable clients to: Making Advanced Analytics Accessible with Agentic AI Enterprises today invest millions in data science capabilities yet struggle to translate this investment into business impact. The disconnect between sophisticated analytical models and business decision-makers creates a costly gap where valuable insights remain trapped within specialized teams. AnswerRocket's expanded capabilities address this challenge through agentic AI solutions that solve critical business problems and deliver actionable insights. Cognitive Spark's expertise will enable AnswerRocket to create and deploy intelligent AI agents that automate complex data science routines for various use cases, such as pricing optimization, demand forecasting, and predictive customer analytics. Providing AI agents with data science tools makes advanced analytics accessible and actionable for business users, via AnswerRocket's Max AI or the customer's preferred agentic platform. Ensuring Data Readiness for Enterprise AI Adoption Critical to any successful AI implementation is the quality and accuracy of the underlying data. The combined expertise of AnswerRocket and Cognitive Spark addresses this foundational challenge through comprehensive data readiness services, including data engineering, data cleansing, and data harmonization. These capabilities ensure that AI solutions operate on reliable information, producing trustworthy insights that executives can confidently use for strategic decision-making. This end-to-end approach addresses the entire AI value chain, from data preparation and quality assurance to advanced analytics and business-ready insights. Strategic Expansion of AI Consulting Practice 'Our acquisition of Cognitive Spark directly tackles the 'last mile problem' of data science, where valuable data insights often fail to reach decision-makers,' said Jim Johnson, Managing Partner of AI Solutions and Consulting at AnswerRocket. 'By joining agentic AI and data science, we can make advanced analytics broadly available to business users, enabling them to confidently make critical decisions on a daily basis.' Cognitive Spark brings extensive experience in advanced analytics across multiple industries, including retail, financial services, healthcare, and construction. The Cognitive Spark team will be joining AnswerRocket, led by Andrew Sweet, current CEO of Cognitive Spark, who will serve as Vice President, Enterprise AI Solutions. 'Joining AnswerRocket creates an unparalleled opportunity to scale the impact of advanced data science,' said Sweet. 'Organizations often struggle to bridge sophisticated analytics and practical business applications. By combining our expertise with AnswerRocket's agentic AI services, we're making advanced analytics truly accessible and driving real business impact.' About AnswerRocket Founded in 2013, AnswerRocket is an enterprise AI solutions company that helps organizations achieve measurable results through AI transformation. The company provides end-to-end services including AI strategy and advisory, data architecture and engineering, custom AI solution development, operationalization and adoption support, and ongoing evolution of AI implementations. The company's proprietary frameworks and accelerators–including its agentic AI platform, Max AI–enable rapid development of enterprise-grade AI solutions that seamlessly integrate with existing infrastructure. For more information, visit About Cognitive Spark Cognitive Spark is a specialized data science firm focused on developing advanced machine learning algorithms and AI solutions for enterprise applications. Cognitive Spark's team of data scientists and AI specialists excels at creating custom predictive models and automated analytics solutions that deliver measurable business impact. The firm's distinctive management consulting practice bridges the critical gap between technical capabilities and strategic business objectives, helping C-suite executives transform data insights into actionable corporate strategies and operational improvements. For more information, visit View source version on CONTACT: Tate Mikkelsen C: 347-453-0910 E:[email protected] KEYWORD: UNITED STATES NORTH AMERICA GEORGIA INDUSTRY KEYWORD: PROFESSIONAL SERVICES DATA MANAGEMENT DATA ANALYTICS TECHNOLOGY SOFTWARE CONSULTING ARTIFICIAL INTELLIGENCE SOURCE: AnswerRocket Copyright Business Wire 2025. PUB: 04/22/2025 09:20 AM/DISC: 04/22/2025 09:19 AM
