AI-Driven Scam and Spam Call Blocker, Genie, Is Seeking Investment To Better Protect Seniors

Smart AI assistant app Genie aims to transform the industry and enhance its protection for seniors by seeking investment. With the secured funding, the company will expand its features and satisfy audiences in need of better protection.

In 2022, a 30% rise was seen in fraudulent schemes, with the Federal Trade Commission reporting a total of $8.8 billion lost. Imposter scams are the most common attacks Americans face, surpassing every other category, and seniors are the most vulnerable victims. People over 60 years old lost $3.1 billion in 2022 to fraud scams.

The recent release of groundbreaking generative AI tools, has made financial scams easier to distribute and harder to detect. For example, voice cloning software allows scammers to impersonate a grandson in distress, requesting emergency funds from his grandparents. Further exemplifying the need for solutions like Genie that leverage superior AI technology to protect seniors.

US adults over 50 would constitute the world's third largest economy, with a GDP of 8.3 trillion and engage with their smartphones for over five hours a day. Therefore, Genie becomes a vital solution for giving seniors peace of mind and reliable protection from any malicious individuals and organizations. This peace of mind gives these individuals the confidence they need to continue contributing to this vast economy.

Genie's unique AI engages unknown callers in conversation, to determine who is calling and what their intentions are, passing through only safe and wanted callers. With three million calls already screened for over a thousand users, Genie has achieved an accuracy rate of 99%. This has set Genie apart from its competitors and allowed seniors to enjoy their devices and stay in touch with their loved ones without experiencing financial or emotional damage.

Genie was co-founded by Jason Wolf, an experienced entrepreneur, and three-time unicorn builder. Jason and his world-class team designed Genie to truly solve the crisis of scamming seniors since competitor products were falling short. The app has already released a successful beta version and aims to use investments to grow its audience and bolster the app's tech functions.

Genie raised over two million during their pre-seed round to prove their unique app concept and later release a beta platform. The company expects an annual income of four million within the next year once they secure investment. Genie has already partnered with various businesses that are significantly damaged by scammers using their company's name for deception and they are focused on expanding those connections. By partnering with Genie, organizations can protect their reputation and offer their customers a powerful solution to help keep them safe.

Through the success Genie has found with call blocking technology they are looking to expand its features to cover text and email channels as well. This will solidify Genie's position as the leading anti-spam and scam solution for seniors, fully equipping users to live in today's digital world.