Zed has secured $16.5M in Series A funding led by Accel to scale its AI-driven credit platform in th...
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This is an incremental update regarding a fintech-AI player in a specific geographic market; it does not trigger cross.ยงD as the $16.5M round is below the $500M threshold.
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Zed has secured $16.5M in Series A funding led by Accel to scale its AI-driven credit platform in the Philippines. By leveraging LLMs for underwriting based on real-time data, Zed has grown transaction volume by 500% and reached a 200,000-person waitlist. This marks Accel's first Philippine investment, signaling a systemic shift toward AI-first banking in Southeast Asia. The model unlocks credit for underserved prime segments by bypassing legacy scoring systems. ๐๐ฆ #Fintech #AI #Philippines #VentureCapital
