DVANCE.AI officially announced that it has successfully completed the B+ round of financing at the beginning of this year, with a financing scale of US$50 million. Investment institutions include Yuan Zhen Capital, Jinshajiang Venture Capital, Faralong Capital, Northstar Capital, Provident Capital, Zhenge Fund and Alpha Commune. The company is deeply involved in the field of financial technology in the pan-Asia-Pacific region, and is committed to promoting the accelerated realization of inclusive finance in emerging markets. At present, there are over 100 partners and customers, and it has achieved overall profitability.

ADVANCE.AI is established in 2016, leading provider of big data and artificial intelligence processing and analysis applications for financial institutions, telecom operators, Internet companies, Internet finance companies and many other enterprise customers. Core services that they provide in the financial field such as credit assessment, anti-fraud, risk control, and e-KYC, and strive to become a one-stop financial technology service platform that is safe, convenient and efficient. The company currently operates in China, Indonesia and the Philippines, and is considering expanding its business to more overseas markets in the second half of the year.

COO Shoudong said: "Using AI to empower financial technology is our mission, and this is the meaning of our name ADVANCE.AI. In addition to the meaning of 'promoting', 'development', and 'advanced', ADVANCE also has the meaning of 'prepaid' in the financial sector, which means credit services. We hope that through our leading technology, we will deeply empower our customers in China and Southeast Asia to reach out to people who are not covered and served by traditional financial institutions, and provide them with more convenient and reliable financial services. There are more than 600 million people in Southeast Asia, and credit card coverage in Indonesia, Vietnam and other countries is less than 3%. There are still many opportunities. We hope to realize technology through the ADVANCE.AI business development, talents go out to sea, model to sea, and create an innovative technology service platform across the region AI + finance. ”