Rich Data Co, a Sydney, Australia-based firm which makes a speciality of synthetic intelligence (AI) decisioning for enterprise and business lenders, raised extra $9M in Sequence B funding.
The spherical was led by Acorn Capital. Acorn Capital’s funding adopted the preliminary shut of $28M in November, led by Westpac and international cloud banking chief nCino (NASDAQ: NCNO), bringing RDC’s complete Sequence B funding to $37M.
The corporate intends to make use of the funds to speed up its growth into North America, consolidate its place as a number one AI decisioning platform supplier within the international banking sector, supporting ongoing innovation efforts to offer superior AI options to monetary establishments.
Led by CEO Ada Guan, Wealthy Knowledge Co supplies AI applied sciences and options that enhance the panorama of enterprise and business lending. By harnessing machine studying and mixing it with human experience, it gives insights that carry transparency, compliance, and accountability to each choice, driving development and fostering alternatives in monetary portfolio.
FinSMEs
09/08/2024
