Singaporean AI technology company Advance Intelligence Group secured
$80M
in fresh equity funding led by existing backers Warburg Pincus and Northstar Group.
Advance Intelligence intends to use the proceeds to further develop its AI technology "to streamline consumer transactions and enable greater and fairer access to credit and financial products and services," per CEO
and co-founder Jefferson Chen.
-
The funding round brings the firm's total raised to date to over
$700M
.
- Advance Intelligence last raised a $400M Series D round led by SoftBank Vision Fund II at a $2B valuation in 2021.
- The AI-driven fintech firm is known for developing buy-now-pay-later platform Atome, digital lending platform Kredit Pintar, and omnichannel e-commerce merchant services platform Ginee.
- Advance Intelligence claims it has over 500 enterprise clients.
- The firm has reportedly served 40 million individual customers and disbursed over $4B in loans.
