CrediLinq.Ai, a Singapore-based B2B online financing and payments infrastructure company, raised an undisclosed amount in seed extension.
The round was from MS&AD Ventures and Big Sky Capital, with participation from existing investor 1982 Ventures and several unnamed angels.
The funds will be used to scale its operations and establish its presence in the global embedded finance market.
Deep Singh, Founder of CrediLinq.Ai, said.“The fresh capital will help us scale our operations, upgrade our infrastructure and create a global business,”
It also looks for strategic acquisitions across its key markets, including Indonesia and Singapore, and opportunistically signing on customers from other global regions.
CrediLinq.Ai’s advanced API solutions, alternate credit scoring models, and underwriting approaches empower B2B marketplaces to offer credit-as-a-service on their platform.
The company works with digital banks and funding partners to channel volume via its platform for underwriting and giving access to SMEs that need funding.
The startup recently signed with two major stock exchange-listed customers. It already enables several other smaller e-commerce, payments, and procurement platforms across Singapore, Hong Kong, Malaysia, Australia, and Indonesia.
Company: CREDILINQ A.I PTE. LTD.
Round: Seed Extension
Funding Month: February 2023
Lead Investors: MS&AD Ventures and Big Sky Capital
Additional Investors: 1982 Ventures
Company Website: https://www.credilinq.ai/
Software Category: AI-enabled Credit Assessment and Underwriting Solutions
About the Company: Founded in 2020, CrediLinq.Ai is a fintech company disrupting credit underwriting for businesses using embedded finance and Credit-as-a-Service. CrediLinq uses AI, machine learning, and data-driven models to generate the credit scores of SMEs through the analysis of traditional and alternative data points. CrediLinq.Ai’s proprietary technology enables its ecosystem partners to become lenders and facilitate products including B2B BNPL and GMV financing for their clients. The company’s goal is to create a more inclusive, accessible, digital-first, and frictionless customer experience where every business can get quicker access to growth capital.