Advance Intelligence Group
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Advance Intelligence Group - overview
Established
2016
Location
Singapore, -, Singapore
Primary Industry
Software
About
Based in Singapore, and founded in 2016 by its CEO and co-founder, Jefferson Chen, Advance Technology Pte. Ltd. (Advance Intelligence Group) is a data-driven financial technology company that develops artificial intelligence-based security and marketing software. In September 2021, Advance Technology Pte.
Ltd. received USD 200 million in venture funding from Warburg Pincus, GSR Ventures, and Temasek Holdings. As of November 2021, the company has 1500 employees and 13 offices across 11 markets. Advance Intelligence Group's platform provides anti-fraud detection services for loan applications such as face recognition, identity check, company check, credit score data, and other analytic services, enabling enterprises to reduce manual verification costs and errors.
Advance Intelligence Group consists of an ecosystem of AI-powered, credit-enabled products and services that includes consumer financing (Atome Financial), enterprise KYC/fraud and risk management solutions (Advance. ai ) and merchant services SaaS platform (Ginee). The company plans to use the September 2021 funding for operations and accelerate future expansion. It also plans to expand its footprint beyond southeast Asia and India into Mexico and other countries.
Current Investors
GSR Ventures, Farallon Capital Management, ZhenFund
Primary Industry
Software
Sub Industries
eMarketing/Digital Marketing, IT Security/Cybersecurity, Sales & Marketing Software, Monitoring & Security Software, Analytics & Performance Software
Website
www.advancegroup.com
Verticals
Artificial Intelligence, Big Data, FinTech
Company Stage
Series E
Total Amount Raised
Subscriber access only
Advance Intelligence Group - timeline of key events
Advance Intelligence Group - financials
| Fiscal Year Ended | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 |
|---|---|---|---|---|---|---|---|
| Revenue (USD) | 38,854 | 1,843,258 | 4,505,796 | 8,059,137 | - | - | - |
| % Revenue Growth (YoY) | - | 4644.1% | 144.4% | 78.9% | - | - | - |
| EBITDA (USD) | (113,867) | (550,251) | (4,979,381) | (5,703,976) | - | - | - |
| Operating Income (USD) | (114,148) | (561,894) | (5,061,257) | (6,424,522) | - | - | - |
| Operating Margin | (293.8%) | (30.5%) | (112.3%) | (79.7%) | - | - | - |
| % EBITDA Margin | (293.1%) | (29.9%) | (110.5%) | (70.8%) | - | - | - |
| NET Income (USD) | (114,148) | (561,894) | (5,117,229) | (6,547,875) | - | - | - |
| % Net Margin | (293.8%) | (30.5%) | (113.6%) | (81.2%) | - | - | - |
Advance Intelligence Group - employee data
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