Transparently.AI Raises $1 Million in Seed Round  

by Kay Aloha Villamor in September 27th, 2022

Transparently.AI, a Singapore-based AI regtech firm that developed a system for the automated detection of accounting manipulation and fraud in companies globally, announced that it completed $ 1 million in a seed funding round, half of which was invested by Move Asset Management in New Zealand.

Transparently.AI was formed to commercialize the IP generated from a Monetary Authority of Singapore Financial Services Technology Innovation grant. In the last 12 months, it launched a SaaS service, signed a multi-year contract with one of the world’s largest investing institutions, and is currently running proofs-of-concept with two global banks.

Company: Transparently Pte Ltd

Raised: $1.0M

Round: Seed Round

Funding Month: September 2022

Lead Investors: Move Asset Management

Additional Investors:

Company Website:

Software Category: Manipulation Risk Analyser

About the company: Transparently.AI is an AI software company that uses machine learning to identify accounting manipulation and fraud in company reporting far in advance of public discovery. Transparently.AI has developed a unique AI-based system for the automated detection of accounting manipulation and fraud in companies globally. Transparently.AI provides a cloud-hosted SaaS solution that explicitly measures the probability of accounting manipulation in listed companies. The technology generates automated reporting to give details on how the company is manipulating, where investigators should look next, and questions that users should ask of the company in specific areas of risk, such as accruals management, income quality, asset quality, and smoothing activity.


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