Advance Intelligence Group raises US$80 million from investor group

ADVANCE Intelligence Group, a Singapore-based artificial intelligence (AI) tech startup, announced on Wednesday (May 3) that it has raised US$80 million from an investor consortium.

Led by existing investors Warburg Pincus and Northstar Group, the latest fundraising round follows the group’s US$400 million Series D round in 2021.

The funds will be used to accelerate the group’s adoption of AI technology to streamline consumer transactions and improve financial inclusion across South-east Asia.

Advance Intelligence is the parent company of several AI-powered financial service platforms, including buy now, pay later platform Atome, risk management company Advance.AI and Indonesian digital lending platform Kredit Pintar.

Founded in 2016, the group has raised over US$700 million in total.