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Chinese Fintech Start-up Advance.ai Raises $50m Series B+ Round – China Money Network

by chinamoneynetwork.com posted 5months ago 92 views
Chinese big data fintech firm Advance.ai announced completion of a US$50 million series B+ round from China’s Vision Capital, GSR Ventures, Zhen Fund and others. Other investors in the round include American investment firm Farallon Capital Management, Indonesia-focused investment firm Provident Capital, and Singaporean private equity firm Northstar Group. Advance.ai’s big-data platform provides anti-fraud detection services for loan applications, facial recognition engine that fulfills enterprises’ needs during the KYC (know-your-customer) process, and other data analytic services. Started in 2016 by … Chinese Fintech Start-up Advance.ai Raises $50M Series B+ Round appeared first on China Money Network.

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