Advance.ai
A leading big data and AI company in Asia, assisting enterprise clients with digital transformation, fraud prevention, and process automation.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
| investor investor | €0.0 | round | |
| investor investor investor | €0.0 | round | |
| investor investor investor investor investor | €0.0 | round | |
| investor investor investor investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor investor investor investor investor investor | €0.0 Valuation: €0.0 | round | |
* | $80.0m Valuation: $2.0b | Growth Equity VC | |
| Total Funding | 000k | ||
| USD | 2018 | 2019 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | 186 % |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
Related Content
ADVANCE.AI is a technology startup specializing in artificial intelligence (AI) solutions for identity verification, fraud detection, and decision-making processes. The company operates in multiple markets, including China, India, Singapore, Indonesia, and the Philippines. Its primary clients are businesses that require robust and efficient digital onboarding processes, such as financial institutions, e-commerce platforms, and other enterprises needing secure and reliable customer verification.
The core services offered by ADVANCE.AI include Optical Character Recognition (OCR) for document verification, liveness detection to ensure the person is physically present during verification, and facial recognition for identity matching. These services help businesses streamline their Know Your Customer (KYC) processes, reducing the risk of fraud and improving the overall customer experience.
ADVANCE.AI employs a business-to-business (B2B) model, providing its AI-driven solutions to other companies. It generates revenue through subscription fees, licensing its technology, and offering customized solutions tailored to the specific needs of its clients. The company’s decision engine, a low-code platform, is particularly useful for loan decisioning and other financial services, allowing clients to make data-driven decisions with greater accuracy and speed.
The company is known for its strong customer support and adaptability, quickly integrating its solutions into clients' existing systems with minimal disruption. By leveraging data from non-traditional sources, ADVANCE.AI enhances the predictive power of its clients' risk models, thereby improving risk management and portfolio performance.
In summary, ADVANCE.AI is a leading provider of AI-based identity verification and fraud detection solutions, serving a diverse range of industries across Asia. Its innovative technology and customer-centric approach make it a valuable partner for businesses looking to enhance their digital onboarding and risk management processes.
Keywords: AI, identity verification, fraud detection, OCR, liveness detection, facial recognition, KYC, decision engine, B2B, risk management.
