Advance.ai builds AI-driven digital identity verification, fraud detection, and alternative credit-scoring technology to expand and democratize access to credit in emerging markets. The company serves banking, fintech, telecommunications, e-commerce, and retail customers and reports more than 1,000 clients. It says its platform creates a more holistic and accurate alternative to existing credit scoring methods and aims to reduce fraud risk and improve operational efficiency. The startup plans to scale up operations and accelerate expansion following its latest financing. Advance.ai was founded in 2014 by Chun Dong Chau, Dong Shou, and Jefferson Chen and is headquartered in Singapore. Financially, the company has raised a total of $336M over six rounds and its latest raise positions it among a small group of Southeast Asia unicorns valued at $1 billion or more. Advance.AI is a Singapore-based artificial intelligence and big data company. The article reports the company has raised $80 million in a Series C funding round. The Series C was led by Temasek-backed Pavilion Capital and Gaorong Capital. No other investors, valuation, use of proceeds, revenue, user metrics, or product details are disclosed in the article. The piece focuses solely on the announcement of the Series C financing and provides no information on past rounds, founding year, or future plans. Advance.AI is a data-driven financial technology company. The firm focuses on applying data-driven solutions within the financial sector. It operates offices in Singapore, Beijing, Jakarta, and Manila. Advance.AI raised $50 million in a Series B+ funding round. The round was backed by Chinese investors, including Vision Capital, GSR Ventures, and Zhen Fund. The article does not disclose additional operating metrics or financing terms.

Total raised

$330M

Funding rounds

3

Latest round

Equity

Latest activity

Sep 2021