FinbotsAI Secures $1.6M to Accelerate AI-Powered Credit Modeling Innovations Across Global FIs

FinbotsAI is excited to announce a significant funding milestone, having successfully raised USD 1.6 million to fuel its mission of making Artificial Intelligence accessible to all financial institutions. As an esteemed Accel Portfolio company, FinbotsAI has built a solid reputation by spearheading innovation in AI and Machine Learning, and this new capital injection marks another transformative chapter in its journey. The funding will be strategically channeled into enhancing its flagship product, CreditX—an AI-powered credit modeling solution that is rapidly changing the way banks, digital banks, SME lenders, consumer lenders, fintechs, and credit bureaus across Asia, Australia, the Middle East, and Africa make credit decisions. CreditX not only enables financial institutions to build bespoke, higher accuracy credit models quickly and efficiently but also plays a crucial role in driving operational efficiencies and reducing risk, ultimately fostering a climate of financial inclusion by serving previously underserved customer segments. This investment further solidifies FinbotsAI’s commitment to innovation and underscores the market’s confidence in its unique value proposition. Recognized among the ‘Top 10 FinTechs in Singapore’ at the Monetary Authority of Singapore (MAS) FinTech Awards 2022, FinbotsAI continues to explore breakthrough technologies that help financial institutions achieve faster growth and improved credit outcomes. With this new funding, FinbotsAI is well-positioned to expand its reach, refine its technology, and transform the landscape of credit management, making smarter, data-driven decisions accessible to financial institutions worldwide.