OpenAI has bought AI personal finance startup Hiro

🎯 The Big Picture

📖 What Happened

OpenAI has acquired personal finance startup Hiro Finance, founder Ethan Bloch announced on Monday and OpenAI confirmed to TechCrunch. The startup was backed by A-list fintech VC firm Ribbit, as well as General Catalyst and Restive. Terms of the acquisition were not disclosed, nor did Hiro ever disclose how much money it raised. Since Hiro said it will be shutting down its operations on April 20 and deleting all data from its servers on May 13, we’re going to call this an acquihire. Bloch said in his post that Hiro employees are coming with him to OpenAI. He didn’t specify how many employees that entails, but LinkedIn lists about 10 people associated with the company. Bloch did not respond to our request for comment. The company was founded in 2023 and launched its AI tool about five months ago. Hiro offered AI-powered financial planning for consumers. Users entered financial information like salary, debts, and monthly costs, and the app modeled different what-if scenarios to help them make financial decisions. Hiro was specifically trained to nail financial math, including an option that allowed users to verify accuracy, Bloch said in a demo of the product. Over the past couple of years, state-of-the-art frontier models have gotten significantly better (even good) at math of all kinds. But historically, they haven’t been. This deal stands out for a couple of reasons. Bloch previously founded Digit, a digital-only bank that helped people automatically save money. Digit was sold to Oportun in 2021 for more than $200 million, according to Oportun. Plus, this isn’t the first financial app OpenAI has bought. Given that OpenAI markets ChatGPT as a good tool for business finance teams, we can see why the model maker would be looking to add more talent to this side of the house. Whether OpenAI plans to pursue financial planning as a more specialized app, we’ll have to wait and see. It’s also possible that this acquihire is an effort to make OpenAI more popular with OpenClaw users, who often tend to prefer Claude. OpenClaw is a popular agent for robo stock trading. In fact, Bloch created his own auto-trading OpenClaw agent that he named RoboBuffett, he said on LinkedIn. Another fun fact: Bloch told Business Insider that Hiro was the 15th project he launched, having started as a tech entrepreneur when he was a 13-year-old. The first 13 failed, he said. He sold No. 14, Flowtown, a social media SaaS tool launched in 2009, for $4.5 million. Bloch said he sold Digit for about $230 million. Now he’s sold his latest startup to OpenAI, a company that has broken records for growth and raising money, and may yet break records with an IPO.
💰 By the Numbers

📊 Metric	💡 Context
$200 million	Digit was sold to Oportun in 2021 for more than , according to Oportun
$200	Digit was sold to Oportun in 2021 for more than million, according to Oportun
$4.5 million	14, Flowtown, a social media SaaS tool launched in 2009, for
$4.5	14, Flowtown, a social media SaaS tool launched in 2009, for million
$230 million	Bloch said he sold Digit for about
$230	Bloch said he sold Digit for about million

🎤 Highlights

• OpenAI has acquired personal finance startup Hiro Finance, founder Ethan Bloch announced on Monday and OpenAI confirmed to TechCrunch.
• The startup was backed by A-list fintech VC firm Ribbit, as well as General Catalyst and Restive.
• Terms of the acquisition were not disclosed, nor did Hiro ever disclose how much money it raised.
• Since Hiro said it will be shutting down its operations on April 20 and deleting all data from its servers on May 13, we’re going to call this an acquihire.
• Bloch said in his post that Hiro employees are coming with him to OpenAI.
🚀 Why It Matters

This move underscores how AI leaders are racing to own vertical expertise—particularly in finance—rather than relying on general-purpose models alone. For users, it means future ChatGPT experiences could get markedly better at money math and planning.

⚡ The Bottom Line

📰 Source: TechCrunch 🔗