Silot is a Singapore-based startup that offers a scalable AI platform designed to empower banks. The company's core product is focused on delivering AI capabilities to financial institutions, though the article does not detail specific features or customers. The article reports that Krungsri Finnovate injected $2 million into Silot's Series A. Krungsri Finnovate is the corporate venture capital arm of Thai commercial bank Krungsri (Bank of Ayudhya). No operating metrics, revenue, or future plans were disclosed in the article. Silot offers the Silot Banking Platform (SBP) to help financial institutions connect data and functionality silos using AI and blockchain. The SBP includes three main components: the Silot Payment Engine (a unified payments engine supporting legacy card and new mobile payments), the Silot Merchant Suite (a unified merchant onboarding and management platform), and Silot Guardian (a unified anti-fraud and anti-money-laundering system). The company was founded in March 2017 by Andy Li, who serves as CEO, and is based in Singapore. Silot raised $2.87M in a pre-Series A funding round. The company intends to deploy the funds to accelerate expansion in Thailand, Malaysia, Hong Kong and other markets in the region. Backers on the round included Arbor Ventures and Eight Roads Ventures.

Total raised

$5M

Funding rounds

2

Latest round

Series A

Latest activity

Feb 2019