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ADVANCE.AI

Category: AI in Fintech

An AI-powered platform providing digital identity verification, compliance, risk management, and alternative credit scoring solutions for enterprises in the financial services, e-commerce, and retail sectors. ADVANCE.AI was founded in 2016. The company is led by Dennis Martin. Based in Singapore (Headquarters), with major operations in Jakarta, Indonesia. Team size: 501-1000. Total funding raised: The parent company, Advance Intelligence Group, has raised over US$700 million.. Latest round: Series D. Key investors include SoftBank Vision Fund 2, Warburg Pincus, Gaorong Capital, Pavilion Capital (a Temasek subsidiary).

Founded
2016
Headquarters
Singapore (Headquarters), with major operations in Jakarta, Indonesia
Team size
501-1000
Total funding
The parent company, Advance Intelligence Group, has raised over US$700 million.

Value proposition

To help enterprises prevent fraud, ensure regulatory compliance, enhance security, and improve access to credit for a wider range of consumers through advanced AI and data analytics.

Products and solutions

AdvanGuard (end-to-end identity verification, KYC/KYB, fraud prevention), AdvanceID (AI-powered e-KYC and identity verification), AdvanceRisk (AML, fraud detection, and alternative credit scoring), AdvanceConnect (Open Banking and financial data aggregation)

Unique value

Combines digital identity verification (eKYC), anti-fraud services, and alternative credit scoring into a single, integrated suite tailored for the nuances of Southeast Asian markets.

Target customer

Enterprise clients including banks, multi-finance companies, fintech platforms, e-commerce marketplaces, and payment gateways, primarily in Southeast Asia.

Industries served

Banking & Financial Services, Fintech & Lending, E-commerce & Retail, Telecommunications, Gig Economy

Technology advantage

Proprietary AI technology trained on localized Southeast Asian datasets, providing higher accuracy in identity verification and credit scoring. A unified platform combining multiple risk management solutions. Extensive API integrations for seamless client onboarding.

How they differentiate

ADVANCE.AI differentiates with its deep focus on Southeast Asian markets, developing AI models trained specifically on local data, languages, and fraud patterns. It offers a comprehensive suite of services (ID verification, risk management, and credit scoring) on a single platform, unlike competitors who may specialize in only one area.

Main competitors

Jumio, Onfido, PrivyID (for digital identity in Indonesia), Ekata (a Mastercard company)

Key partnerships

Visa, Mastercard, Experian, Sinar Mas Financial Services

Notable customers

Standard Chartered, Gojek, Shopee, Atome, Bank Jago

Major milestones

Parent company Advance Intelligence Group achieved unicorn status in 2021., Acquired Jewel Paymentech, a financial risk technology company, in 2022., Announced a US$400 million Series D funding round in 2021., Listed in CNBC's World's Top 250 Fintech Companies for 2025 (Enterprise Fintech category)., Launched AdvanGuard solution for the crypto industry in September 2025.

Growth metrics

Serves over 700 enterprise clients across banking, financial services, fintech, payments, retail, and e-commerce. The parent company, Advance Intelligence Group, is valued at over US$2 billion.

Market positioning

A leading B2B AI and RegTech provider in Southeast Asia, recognized as a major player in digital identity verification and credit scoring for the region's top financial institutions and enterprises.

Geographic focus

Southeast Asia, with a strong presence in Indonesia, the Philippines, Vietnam, Thailand, and Malaysia. Also expanding into Latin America.

Patents and IP

Information on specific patents is not publicly disclosed; innovation is centered on proprietary AI algorithms and machine learning models for fraud detection and identity verification.

About Dennis Martin

Dennis Martin is an internationally experienced CEO of both private and public companies. He previously served as Group CEO of CTOS Digital, a leading credit reporting agency. He also served as Vice Chair of the Board of Directors at CTOS Digital.

Official website: