Advance AI
80 Robinson Road #09-01, Singapore, Central Singapore, 068898
Overview
ADVANCE.AI is a data-driven financial technology company with multiple offices in the APAC region. In our quest to build a better financial world, one of our key goals is to revolutionize the credit system by creating a more holistic, accurate, and democratic alternative to existing credit scoring methods. ADVANCE.AI is built and backed by experienced and successful entrepreneurs and investors in Singapore, China, and US who are from top-tier schools like Stanford, CMU, UIUC, Tsinghua, Fudan, SJTU, NUS, and NTU with rich industrial experiences from Goldman Sachs, Farallon Capital, Two Sigma, Amazon, Accenture, Tencent, Baidu, and HSBC.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 8
Sector focus
- Artificial Intelligence (AI)
- Big Data
- FinTech
- Fraud Detection
Investment portfolio
- XLD Finance
Participated · Series A · Jul 2022
XLD Finance offers application programming interfaces (APIs) that enable Web3 and crypto projects to add crypto-based payments, disbursements and crypto-to-fiat onramps. Its xSpend ecosystem lets users spend GameFi tokens and stablecoins to pay utility bills, buy mobile credits and purchase goods. The company serves customers in the Philippines, Indonesia, Malaysia, Vietnam, India and Bangladesh. Near-term product roadmap items include the OmniX payment disbursement platform, a crypto settlement API for merchants, an algorithmic stablecoin and a software development kit for cryptocurrency wallets. XLD was founded in June 2021. The startup raised $13 million in a pre-Series A to fund product development and hire engineers.