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PowerCred

Category: AI in Fintech

PowerCred is a digital lending infrastructure and intelligence suite that provides financial institutions with AI-powered tools to enhance onboarding, underwriting, and collections processes. Their platform leverages alternate data and advanced analytics to optimize credit decisions. PowerCred was founded in 2021. The company is led by Kunal Goel. Based in Singapore, Singapore. Team size: 11-50. Total funding raised: $1.1M. Latest round: Pre-Series A. Key investors include Tenity (accelerator program), TNB Aura (Scout Initiative).

Founded
2021
Headquarters
Singapore, Singapore
Team size
11-50
Total funding
$1.1M

Value proposition

Empowers lenders with real-time alternate data, AI-driven credit scoring, and fraud detection tools to reduce risk and improve lending efficiency.

Products and solutions

Identity Verification APIs, Credit Assessment Tools, Fraud Detection Analytics, Bank Statement Analysis (income/expense categorization), Alternate Data Integration Suite

Unique value

Specializes in extracting insights from non-traditional data sources (e.g., bank transactions, business operations) to create comprehensive borrower profiles.

Target customer

Financial institutions and lenders in Southeast Asia, particularly those serving small businesses

Industries served

Fintech, Digital Lending, Small Business Finance, Financial Inclusion

Technology advantage

Proprietary AI/ML models trained on Southeast Asian market data, combined with a modular API architecture for rapid integration with existing financial systems.

How they differentiate

PowerCred differentiates itself by focusing on Southeast Asia's emerging markets with AI-driven lending infrastructure tailored to regional financial institutions, whereas competitors like Zest AI and Upstart primarily target US markets with broader AI lending solutions.

Main competitors

Zest AI, Upstart, Ocrolus

Key partnerships

Akselaran (data intelligence collaboration), Tenity (accelerator program), Regional financial institutions for pilot deployments

Notable customers

Akseleran, OTO, CredAble (partnership)

Major milestones

Raised $1.1M in pre-Series A funding (November 2025), Accelerated expansion in Southeast Asia post-funding, ISO 27001:2022 certification and recognized by Indonesian regulators for data security compliance, Launched custom small language models (SLMs) for enterprise use, Processes over 1 million documents quarterly

Growth metrics

Processes over 1 million documents quarterly, Launched custom small language models (SLMs) for enterprise use, ISO 27001:2022 certification

Market positioning

Positioned as a regional leader in AI-powered lending for Southeast Asia, PowerCred emphasizes localized financial infrastructure and partnerships with local banks, contrasting with global competitors like Ocrolus, which offers document automation tools.

Geographic focus

Southeast Asia, with expansion efforts in Singapore and neighboring countries.

Patents and IP

No publicly disclosed patents as of 2025

About Kunal Goel

Kunal Goel is the founder and CEO of PowerCred, with previous experience at Kuliza and Toyota Kirloskar Auto Parts. He holds an MBA from the Indian School of Business (2016-2017) and has expertise in fintech, automotive engineering, and business management. He was previously involved in climate tech and has been recognized with leadership awards.

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