On May 3, Singapore-based fintech company, Advance Intelligence Group, announced that it has completed a funding round of USD 80 million, led by Warburg Pincus and Northstar Group.
According to EqualOcean, as an AI-driven unicorn company, Advance Intelligence Group has owned three main business lines since its establishment in 2016: ADVANCE.AI, an AI engine that provides B2B AI services for enterprises; Ginee, a merchant platform; and Atome Financial, which mainly targets the consumer market.
Advance Intelligence Group aims to build an AI-based, credit-driven market ecosystem to promote the development of global digital commerce and digital financial services. By using big data and AI technology, the company offers a variety of financial products and services to consumers and businesses in Southeast Asia. With an AI-driven strategy, Advance Intelligence Group continuously develops innovative solutions and products to create value for more enterprises and users. So far, the company has served 700+ enterprise clients, 200000+ merchants, and 30+ million consumers.
The financial industry is an industry with a large C-user base, massive data and rich application scenarios, and is therefore considered a high-quality AI landing scenario. The financial industry can use AI technology to improve service quality and efficiency, risk management, precision marketing, data mining and forecasting. For example, a risk assessment system based on machine learning algorithms can help financial institutions more accurately assess risks by analyzing historical customer data and market trends, thereby avoiding financial losses. And a precision marketing system based on big data and artificial intelligence can help financial institutions understand customer needs and behavioral habits more precisely, so as to provide more personalized services and products.
The fintech market has long been a blue ocean, in overseas, Monzo, SoFi, Coinbase and other fintech companies have long grabbed a larger share of the market. Domestic companies such as ICBC Technology（工银科技）, CIB Fintech and （兴业数金）Jianxin Financial（建信金服）have long been deeply involved in the fintech market, relying on the strong strength of traditional financial companies. In addition, new companies such as FraudMetrix（同盾科技） and NEXTDATA（数美科技） are also gaining momentum and are making strong efforts in the field of financial technology.MarketsandMarkets estimates that the market valuation of the financial AI sector will reach USD 30.9 billion in 2026.
Since its establishment in 2016, Advance Intelligence Group has received several rounds of financing, including a USD 50 million Series B investment led by Vision Plus Capital（元璟资本） in 2018, an USD 80 million Series C investment led by Gaorong Capital（高榕资本） in 2019, a USD 400 million Series D financing led by SoftBank Vision Fund 2（软银愿景基金二期） and Warburg Pincus（华平投资） in 2021, and the recent USD 80 million financing round led by Warburg Pincus and Northstar Group（北星集团）. The company will continue to deepen its presence in the Southeast Asian market and provide more diversified and high-quality financial AI services.
At this critical stage, the ESG2023 "the US Sub-Forum" will be held in Shenzhen on June 2, 2023. EqualOcean will invite the representatives of academic institutions and investment institutions, as well as company leaders, from the International Studies Institute of Fudan University, Sun Yat-sen University, Jinan University School of International Relations, Gaorong Capital, Vision Plus Capital, FreeS Fund, ZWC Partners, Source Code Capital, Niu Technologies, TikTok, SHEIN, NEIWAI, miHoYo, Tuya, MINISO, Dreame, Ecovacs, WYBOTICS, Lifen, and UniUni.EqualOcean analysts will also release the US Report 2023 at the US Sub-Forum, summarizing business opportunities and best practices for expanding into the US market in the new stage. Click the EqualOcean全球化峰会（ESG 2023）出海美国论坛 to apply and scan the QR code below to learn more about ESG2023.