Advance Intelligence Raises $80 Million Funding

Advance Intelligence Group is an Al-driven technology company that consists of an ecosystem of AI-powered, credit-enabled products and services that includes consumer financing (Atome Financial), enterprise KYC/fraud and risk management solutions (ADVANCE.AI), and merchant services SaaS platform (Ginee). Advance Intelligence has over 1500 employees serving more than 1,000 enterprise clients, 75,000 merchants, and 20 million consumers across 12 markets across South and Southeast Asia, Greater China, and Latin America. In 2021, Advance Intelligence Group joined the unicorn club.

Advance Intelligence has raised $80 million in a round led by existing backers Warburg Pincus and Northstar Group. In total, the company has raised about $700 million till that moment. The new round follows its $400 million series D round in 2021 at a valuation of more than $2 billion.

Advance Intelligence Group, Singapore, was founded in 2016 by Jefferson Chen. “This new investment will help accelerate our program of using AI technology to streamline consumer transactions and enable greater and fairer access to credit and financial products and services,” said Jefferson Chen, founder and chief executive officer of Advance Intelligence.

Previous Post

Zipline Raises $330 Million at $4.2 Billion Valuation

Next Post

Redaptive Adds $50 Million to Its Series E

Related Posts