Draft:Advance Intelligence Group

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Draft:Advance Intelligence Group
  • Comment: This company does not appear to meet the criteria set out in WP:NCORP; only routine business activities are described. See WP:CORPTRIV for more information.
    Please see WP:42 for more information on what kind of sources you need to present. At least three sources that meet all three criteria in WP:42 are generally required. In particular, interviews with or sources written by people closely connected with the subject are not considered independent. Sources cannot describe routine business activities, as outlined in WP:CORPTRIV. Meadowlark (talk) 09:46, 26 May 2026 (UTC)
  • Comment: I am an employee of Advance Intelligence Group. I am disclosing this in compliance with Wikipedia's paid contribution disclosure policy. All content in this draft is sourced from independent, reliable secondary sources. I am submitting through the AfC process for independent review.
  • Comment: I am an employee of Advance Intelligence Group. I am disclosing this in compliance with Wikipedia's paid contribution disclosure policy. All content in this draft is sourced from independent, reliable secondary sources. I am submitting through the AfC process for independent review.
Advance Intelligence Group
TypePrivate
IndustryFinancial technology, Artificial intelligence
Founded2016; 10 years ago (2016)
FoundersJefferson Chen, David Chen
HeadquartersSingapore
Area served
Southeast Asia, East Asia, South Asia, Latin America
Key people
Jefferson Chen (Chairman and CEO)
David Chen (Co-founder)
ProductsDigital identity verification, Buy now, pay later, digital lending
Number of employees
1,500 (2021)
Websiteadvancegroup.com

Advance Intelligence Group is a Singapore-based artificial intelligence and financial technology company founded in 2016 by Jefferson Chen.[1] The company develops AI-driven products for digital identity verification, fraud detection, and credit risk assessment, and uses these technologies to operate consumer financial services including buy now, pay later and digital lending across Southeast Asia.[2][3]

The company was started to address the problem of limited credit access for consumers and businesses in emerging markets where traditional banking infrastructure and credit history systems are underdeveloped.[4][2] Its initial product was an AI-powered risk assessment and identity verification platform for financial institutions in Southeast Asia; it later expanded into consumer-facing financial services through subsidiaries including buy now, pay later platform Atome and Indonesian digital lending platform Kredit Pintar.[2][5]

History

Founding and early products

Advance Intelligence Group was founded in 2016 in Singapore by Jefferson Chen, who had previously worked at Goldman Sachs on IPO and M&A transactions for Asian companies, and later as head of private investing for Greater China at Farallon Capital.[1][2] The company's first products were AI-based risk assessment, anti-fraud, e-KYC, and facial recognition services built for financial institutions, telecom operators, and internet companies in Southeast Asia.[2] According to Chen, the company developed computer vision and fraud detection technology adapted specifically for emerging markets in the region, where conventional credit scoring infrastructure was limited.[2]

By 2019, the company had expanded from enterprise services into consumer financial products. It launched Atome, a buy now, pay later service, based on the premise that payments and credit in Southeast Asian markets were moving toward instalment-based consumer financing.[2] Around the same time, the company began operating Kredit Pintar, a digital lending platform in Indonesia regulated by the country's Financial Services Authority (OJK).[3][6]

Growth and funding

In September 2021, the company closed a Series D funding round of more than US$400 million led by SoftBank Vision Fund 2 and Warburg Pincus, with participation from EDBI (the investment arm of Singapore's Economic Development Board), Northstar Group, Vision Plus Capital, and Gaorong Capital.[3][5] The round valued the company at US$2 billion, up from US$400 million in 2019.[3][7][8] At the time, the company operated across 12 markets in South and Southeast Asia, Greater China, and Latin America, with more than 1,500 employees.[3]

In July 2022, the company acquired Jewel Paymentech, a Singapore-based financial risk technology company that specialised in merchant due diligence, fraud detection, and risk management for the payments industry.[9][10][11]

In May 2023, Advance Intelligence Group raised an additional US$80 million from existing investors Warburg Pincus and Northstar Group, bringing total funding to more than US$700 million.[12][13][14]

Products and services

ADVANCE.AI

ADVANCE.AI, the company's original business unit, provides digital identity verification, KYC/KYB compliance, and risk management services to enterprise clients in banking, financial services, fintech, and e-commerce.[5][4] The platform uses AI-based facial recognition, document verification, and fraud detection to help financial institutions onboard and verify customers in markets where traditional identity infrastructure is limited.[2][4]

Atome

Atome is a buy now, pay later platform that allows consumers to split purchases into interest-free instalments.[5] The service operates across markets in Southeast Asia and Greater China.[5][15] In February 2024, co-founder David Chen stepped down as CEO of Atome to join GoTo Financial, while retaining his co-founder role at Advance Intelligence Group.[16][17] In June 2025, Atome secured a US$75 million asset-backed facility from Lending Ark to expand operations in the Philippines.[15]

Kredit Pintar

Kredit Pintar is a digital lending platform in Indonesia that provides unsecured consumer loans. It is licensed, registered, and supervised by the Financial Services Authority (OJK).[3][6] The platform was developed to extend credit access to Indonesian consumers who lack traditional credit histories, using the group's AI risk assessment technology to evaluate borrowers.[2]

Recognition

In 2021, The Straits Times reported that Advance Intelligence Group was ranked first on LinkedIn's Top Startups list in Singapore.[18] The company was ranked fifth on the same list in 2023.[19] In 2024, Atome Financial was included in CNBC's World's Top 250 Fintech Companies list.[20][21]

References

  1. ^ a b "In just 8 years, start-up behind Atome grew from a table in a shared office to a US$2b AI powerhouse". The Straits Times. 25 August 2024. Retrieved 1 April 2026.
  2. ^ a b c d e f g h i "An interview with Jefferson Chen, founder and CEO of Advance Intelligence Group, Southeast Asia's latest unicorn". Momentum Works. 9 December 2024. Retrieved 1 April 2026.
  3. ^ a b c d e f "Advance Intelligence Group bags more than US$400m in Series D round led by Softbank Vision Fund 2, Warburg Pincus". The Business Times. 22 September 2021. Retrieved 1 April 2026.
  4. ^ a b c "Leveraging CRM platform for AI-powered financial inclusion in Asia". DigiconAsia. 23 October 2025. Retrieved 1 April 2026.
  5. ^ a b c d e "SoftBank, Warburg Pincus co-lead US$400M+ Series D of Advance Intelligence Group". e27. 23 September 2021. Retrieved 1 April 2026.
  6. ^ a b "Atome Financial raises $25m from parent Advance Intelligence Group". DealStreetAsia. 4 October 2022. Retrieved 1 April 2026.
  7. ^ "Singapore's Advance Intelligence Group enters unicorn club". Tech in Asia. 23 September 2021. Retrieved 1 April 2026.
  8. ^ "SG's Advance.AI closes $400m Series D led by SoftBank Vision Fund 2, Warburg Pincus". DealStreetAsia. 23 September 2021. Retrieved 1 April 2026.
  9. ^ "Advance Intelligence Group acquires risk management startup Jewel Paymentech". The Business Times. 18 July 2022. Retrieved 1 April 2026.
  10. ^ "Advance Intelligence Group acquires Jewel Paymentech to expand Web3, fraud and risk management capabilities". e27. 18 July 2022. Retrieved 1 April 2026.
  11. ^ "Advance Intelligence Group acquires Jewel Paymentech". Digital News Asia. 19 July 2022. Retrieved 1 April 2026.
  12. ^ "Advance Intelligence Group raises US$80 million from investor group". The Business Times. 3 May 2023. Retrieved 1 April 2026.
  13. ^ "Advance Intelligence Group raises US$80M to further develop AI innovations". e27. 3 May 2023. Retrieved 1 April 2026.
  14. ^ "SG's Advance Intelligence Group raises $80m led by Warburg Pincus and Northstar". DealStreetAsia. 3 May 2023. Retrieved 1 April 2026.
  15. ^ a b "Atome to get US$75 million from Lending Ark as credit demand grows". The Business Times. 9 June 2025. Retrieved 1 April 2026.
  16. ^ "Atome CEO steps down, to join GoTo Financial". The Business Times. 22 February 2024. Retrieved 1 April 2026.
  17. ^ "Atome CEO David Chen makes move to join GoTo Financial as consumer lending head". e27. 21 February 2024. Retrieved 1 April 2026.
  18. ^ "Advance.AI parent, Endowus, Homage lead LinkedIn's list of top S'pore start-ups". The Straits Times. 14 October 2021. Retrieved 1 April 2026.
  19. ^ "Rising against the odds: Here are S'pore's top 10 startups, according to LinkedIn's 2023 list". Vulcan Post. 28 September 2023. Retrieved 1 April 2026.
  20. ^ "The world's top 250 fintech companies: 2024". CNBC. 2024. Retrieved 1 April 2026.
  21. ^ "13 Southeast Asian Fintechs Among CNBC's Global Top 250 List". Fintech Singapore. 4 March 2025. Retrieved 1 April 2026.

Category:Financial technology companies of Singapore Category:Artificial intelligence companies of Singapore Category:Companies based in Singapore Category:Technology companies established in 2016 Category:2016 establishments in Singapore Category:Buy now, pay later services Category:Unicorn (finance) companies Category:Identity management

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