The fundraising follows the group’s previous Series D round of over US$400 million in 2021. In total, the group has raised over US$700 million and has secured capital in excess of US$1 billion supporting its credit book. The group also counts Standard Chartered Bank as a regional strategic partner.
Singapore-based AI-driven technology company Advance Intelligence Group has raised US$80 million ($106.68 million) from an investor consortium led by existing investors Warburg Pincus and Northstar Group, it announced on May 3.
Headquartered in Singapore and operating across Asia, the group’s ecosystem of AI-powered, credit-enabled products and services include “buy now, pay later” platform Atome; Indonesian digital lending platform Kredit Pintar; ADVANCE.AI, a leading software-as-a-service (SaaS) provider of enterprise digital identity, compliance and risk management solutions; and omnichannel ecommerce merchant services platform Ginee.
