Advance Intelligence Group, a Singapore-based artificial-intelligence startup, raised more than $400 million in Series D round, bringing its valuation above $2 billion.
The round was led by SoftBank Vision Fund 2 and New York-based private equity firm Warburg Pincus.
The group plans to use the new capital to fund the growth of its BNPL platform and digital lending presence across Asia, deepen its AI and Big Data analytics capabilities and enterprise client coverage, and grow its global talent pool.
Company: Advance Intelligence Group
Round: Series D
Funding Month: September 2021
Lead Investors: SoftBank Vision Fund 2 and Warburg Pincus
Company Website: https://www.advancegroup.com/
Software Category: AI-powered credit products and services
About the Company: Founded in 2016, the startup develops AI-powered credit products and services, such as buy-now-pay-later platforms, digital lending, and enterprise solutions. Advance Intelligence Group AIG is an Al-driven technology company that brings data-centric platforms to transform traditional and emerging industries. Advance Intelligence, whose operations span 12 markets across Asia and Latin America, plans to use the capital to expand its consumer credit business and digital lending operations in Asia. Currently, the Group employs 1,500 staff in 12 markets across South and Southeast Asia, China, and Latin America.
Source: https://www.marketwatch.com/story/singapore-ai-startup-advance-intelligence-raises-more-than-400-million-in-latest-round-271632364943 https://www.businesstimes.com.sg/garage/advance-intelligence-group-bags-more-than-us400m-in-series-d-round-led-by-softbank-vision