ADVANCE.AI

ADVANCE.AI is a data-driven financial technology company with a mission to create, apply, and share intelligence to advance causes that benefit the human society.

ADVANCE.AI uses Next-generation big data and artificial intelligence to empower and transform your business.

ADVANCE.AI was founded in 2015 by Jefferson Chen, Xiaoguang Wang, Dong Shou, & Chun Dong Chau. The company is based in Singapore with additional offices in Jakarta, Indonesia; Vietnam; Phillipines and Bejing, China.

ADVANCE.AI combines the industry-recognized domain knowledge in big data, artificial intelligence and credit scoring to bring the next generation data centric platforms to transform traditional and emerging industries across Asia Pacific.

ADVANCE.AI's flagship product is ADVANCE Guardian, which uses AI to assist banks and other businesses in e-KYC (know your customer), fraud detection and credit scoring. The company has over 300 enterprise customers in Singapore, Indonesia, Vietnam, the Philippines and India.

 

ADVANCE.AI also offers, ADVANCE BOOSTER, it encompasses various advanced Machine Learning techniques to create, evaluate and implement strategies and methodologies for addressing specific client needs, including but not limited to lead generation, revenue assurance, cost optimisation, fraud detection, risk management, and others. It's other product, ADVANCE CONNECT, which empowers clients with targeted marketing by leveraging partners' existing data using Artificial Intelligence techniques.

 

ADVANCE.AI's investors include Goldman Sachs, Gaorong Capital and Pavilion Capital, Farallon Capital, Two Sigma, Amazon, Accenture, Tencent, Baidu, and HSBC among others. The company raised $80M from its latest "Series C" financing on Sep 20, 2019. This brings ADVANCE.AI's total funding to $138.25M to date.

 

 

  • Year founded: 2015
  • Funding Info: $138.25M over 3 Rounds of Funding (Last Funding Type: Series C)
  • Yearly Revenue: $20M-$50M (2018)
  • Employee Size: 201-500
  • Business Valuation: NA
  • City/Town: Singapore
  • State: Central Region
  • Country: Singapore
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