CrediLinq.Ai, a Singaporean fintech enabling B2B online financing and payments, announced that it has raised an undisclosed sum during the extension of its seed funding round.
The round was joined by MS&AD Ventures, Big Sky Capital, and existing investors 1982 Ventures, and other angel investors.
CrediLinq.Ai plans to use the fresh capital to scale its operations and make strategic acquisitions across its key markets, including Indonesia and Singapore as well as signing on customers from other global regions.
The firm works with digital banks and funding partners to channel volume via its platform for underwriting and giving access to SMEs that need funding.
CrediLinq.Ai had recently signed with two major stock exchange listed customers and are already enabling several other smaller e-commerce, payments and procurement platforms across Singapore, Hong Kong, Malaysia, Australia and Indonesia.
Deep Singh
Deep Singh, Founder of CrediLinq.Ai commented,
“2023 will be an exciting year for embedded finance. As the technology matures and users become habituated to a unified and holistic finance experience in their native ecosystem, the benefits of this solution can be better realised.
The fresh capital will help us scale our operations, upgrade our infrastructure and create a global business.”
Vikram Kotibhaskar
Vikram Kotibhaskar, Co-founder of CrediLinq.Ai added,
“Starting in Southeast Asia has made a lot of sense for us. Ecommerce growth stood at 20.6% in 2022 alone, being the highest in the world.
When you look at the data, 6 of the fastest growing markets are at our doorstep. Serving these platforms via an embedded finance user experience further accelerates their growth.”
