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§ Venture Capital · Singapore, Central Region, Singapore
Digital identity verification, KYC, risk management, and credit scoring solutions for enterprises, enabling financial inclusion with AI.
Founded in 2016 by Jefferson Chen, Donghai Wang, and Shou Dong, Singapore-headquartered ADVANCE.AI provides artificial intelligence-based digital identity verification, compliance, and risk management software for financial institutions and businesses. The enterprise platform serves over 500 corporate clients globally, including major regional partners like Standard Chartered, Shopee, and Gojek, by automating customer onboarding, preventing fraud, and generating alternative credit scores across emerging markets. Operating primarily through a B2B software-as-a-service model, the firm charges usage fees based on transaction volumes for its biometric authentication and electronic Know Your Customer tools. Its parent organization, Advance Intelligence Group, reached a $2 billion valuation following a $400 million Series D funding round in September 2021. Backed by prominent institutional investors including SoftBank Vision Fund 2 and Warburg Pincus, the company was listed in CNBC’s World’s Top 250 Fintech Companies for 2025.
ADVANCE.AI has raised $330.0M across 3 funding rounds.
Key people at ADVANCE.AI.
ADVANCE.AI was founded in 2016 by Chun Dong Chau (Chief Scientific Officer & Co-Founder) and Dong Shou (Chief Operating Officer & Co-Founder).
ADVANCE.AI has raised $330.0M in total across 3 funding rounds.
ADVANCE.AI was founded in 2016 by Chun Dong Chau (Chief Scientific Officer & Co-Founder) and Dong Shou (Chief Operating Officer & Co-Founder).
ADVANCE.AI has raised $330.0M in total across 3 funding rounds.
ADVANCE.AI's investors include Warburg Pincus, GSR Ventures, Temasek Holdings, Gaorong Capital, Pavilion Capital, Vision Capital, ZhenFund.
Key people at ADVANCE.AI.
ADVANCE.AI has raised $330.0M across 3 funding rounds. Most recently, it raised $200.0M Other Equity in September 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 9, 2021 | $200M Venture Round | Warburg Pincus | GSR Ventures, Temasek Holdings | Announced |
| Sep 22, 2019 | $80M Series C | Gaorong Capital, Pavilion Capital | — | Announced |
| Jul 19, 2018 | $50M Series B | — | GSR Ventures, Vision Capital, ZhenFund | Announced |
