Singapore AI Startup Advance Intelligence Raises More Than $400 Million in Latest Round
September 22 2021 - 11:12PM
Dow Jones News
By Yifan Wang
Singapore artificial-intelligence startup Advance Intelligence
Group has raised more than $400 million in its latest funding
round, bringing its valuation above $2 billion, it said
Thursday.
The series-D investment was led by SoftBank Vision Fund 2 and
New York-based private-equity firm Warburg Pincus, the company
said.
Founded in 2016, the startup develops AI-powered credit products
and services, such as buy-now-pay-later platforms, digital lending
and enterprise solutions.
Advance Intelligence, whose operations span 12 markets across
Asia and Latin America, plans to use the capital to expand its
consumer credit business and digital lending operations in
Asia.
Credit Suisse acted as the exclusive placement agent for Advance
Intelligence.
Write to Yifan Wang at yifan.wang@wsj.com
(END) Dow Jones Newswires
September 22, 2021 22:57 ET (02:57 GMT)
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