Artificial intelligence and big data innovation company ADVANCE.188bet Online Sports Betting and Casino completes US million in Series C financing

Industrial Investment Author of 188bet Online Sports Betting and Casino article: cherry 2019-09-23
This round of financing was led by Gaorong 188bet Online Sports Betting and Casino and Lanting 188bet Online Sports Betting and Casino, a subsidiary of Singapore’s Temasek Holdings,Jinshajiang Venture 188bet Online Sports Betting and Casino、Yuanjing 188bet Online Sports Betting and Casino、Leadshow 188bet Online Sports Betting and Casino and Yiyuan 188bet Online Sports Betting and Casino also invested。

Message on September 23rd,ADVANCE, an artificial intelligence and big data innovation company focusing on the Asia-Pacific market.188bet Online Sports Betting and Casino (Leading Innovation) announced the completion of US million in Series C financing。This round of financing was led by Gaorong Capital and Lanting Capital, a subsidiary of Singapore’s Temasek Holdings,Jinshajiang Venture Capital、Yuanjing Capital、Leadshow Capital and Yiyuan Capital also invested,Chongying Capital serves as financial advisor。Since its establishment in 2015,ADVANCE.188bet Online Sports Betting and Casino has completed three rounds of financing,The cumulative financing amount has reached 1.USD 400 million。

ADVANCE.188bet Online Sports Betting and Casino is headquartered in Singapore,By building a leading big data processing and analysis application platform,For financial institutions、Telecom operator、Provide credit assessment to many enterprise-level customers such as Internet companies、Anti-Fraud、e-KYC、Facial recognition and other core services,Currently business covers China、Singapore、Indonesia、Philippines、Vietnam、India,Helping many partners across the Asia-Pacific region achieve technological innovation and intelligent upgrades。

Since the completion of Series B financing last year,ADVANCE.188bet Online Sports Betting and Casino continues to increase investment in research and development,Products of various categories、Technology and solutions are becoming more optimized and rapidly developed。OCR developed based on ADVANCE X-Lab、Liveness detection、Face recognition and other technologies,Ultra-high accuracy identification of target markets has been achieved,Especially in Indonesia、India、Face recognition in the Philippines, Vietnam and other regions、Anti-fraud and credit scoring systems have obvious advantages,Leading the market。As of now,ADVANCE.188bet Online Sports Betting and Casino serves more than 300 enterprise customers、Monthly API visits have reached 40 million,Business volume increased 5 times compared with last year,Become one of the innovative enterprises supported by Singapore。

What deserves special attention is,Based on the advantages of overseas personal credit technology research and development capabilities,ADVANCE.188bet Online Sports Betting and Casino is also actively developing enterprise-level risk management services,CV technology to be independently developed、Applying anti-fraud technology and model capabilities to corporate ratings。Based on this,ADVANCE.188bet Online Sports Betting and Casino launched an enterprise-level financial service project in the Chinese market in March this year—Lingchuang A Card。This project is aimed at small, medium and micro enterprises in China,Provide payment via mobile commerce card、Fee control、One-stop financial solutions such as reimbursement。Different from the cumbersomeness of traditional TMC and reimbursement software,Leadchuang A Card is a faster and easier corporate payment tool,Has 0 advances and 0 advances,Lightning Card Opening,Quick review,Advantages such as opening and using anytime,It also aggregates the rights and benefits of many enterprise-level service software,Can perfectly balance the relationship between corporate expense control and employee convenience experience。

In the early stages of business development,Lingchuang A Card focuses its target service customer groups on entrepreneurial projects invested by well-known domestic venture 188bet Online Sports Betting and Casino institutions,Aims to allow endorsed start-ups to enjoy convenient and efficient financial services at an early stage,With the rapid development of these scientific and technological enterprises,Providing companion one-stop financial services。It is reported,This project has been online for less than half a year,Has served hundreds of corporate customers in China。Meanwhile,Lingchuang A Card is also actively exploring other areas,After this round of financing, Leading A Card will try to enter overseas markets,Singapore will be the first stop for A-card to enter overseas markets and launch its first overseas business。

In the second half of the mobile Internet payment industry,The smooth experience of personal payment forces corporate payment to undergo industrial transformation and upgrading,Payment digitization has become an important engine to promote the development of the enterprise service industry。Dividends accompanying electronic invoices,Lingchuang A Card takes "in the form of a card" as the entry point,Linked 188bet Online Sports Betting and Casino institutions,Empower B-side,Create scenario-based、Card transaction data、The core competitiveness of small and medium-sized enterprise 188bet Online Sports Betting and Casino services with enterprise-level big data and intelligent risk control。

ADVANCE.188bet Online Sports Betting and Casino co-founder and CEO Chen Lanjie said: "Continuously providing customers with more valuable services is our primary goal。ADVANCE since its creation.188bet Online Sports Betting and Casino has always been rooted in technology research and development,Continuously improve solutions,Continuously improve customer service capabilities。After this round of financing,We will continue to dig deeper into the market,Continue to focus on 188bet Online Sports Betting and Casino,Combined with RPA trend,Continuously introduce the most advanced algorithms and models,Let 188bet Online Sports Betting and Casino recognize、188bet Online Sports Betting and Casino anti-fraud、188bet Online Sports Betting and Casino credit reporting solutions are launched in more markets in the Asia-Pacific region。Meanwhile,We will continue to promote finance、Social Network、Intelligent transformation of O2O and other industries,Promote industrial upgrading and social progress。”

Zhang Zhen, founding partner of Gaorong Capital, said: "Emerging markets represented by Southeast Asia still contain a lot of opportunities at this point in time,Especially in the fields of technology and new consumption。ADVANCE.188bet Online Sports Betting and Casino always adheres to the vision of intelligence-driven progress,Build your own business scenario,Continue to create value for all types of customers。The company has been deeply involved in overseas markets for many years,In terms of cross-regional resource collaboration and local team training,We have established a professional management system,Truely achieve the efficient combination of globalization and localization。Gaorong believes,ADVANCE.The 188bet Online Sports Betting and Casino ​​team relies on its profound accumulation and core technology,will continue to help customers in various regions realize the intelligent transformation of traditional businesses,And further deliver more value to local consumers。”

Roland, head of Lanting CapitalAng said: “We have always paid attention to and invested in technology companies in China and Southeast Asia。We are honored to support ADVANCE.188bet Online Sports Betting and Casino Team。They have very rich industry experience and a very strong mission vision,Able to use big data、Cloud computing、New technologies such as artificial intelligence continue to drive the innovation and upgrading of financial technology services such as credit assessment and risk control,Help build a new inclusive financial ecosystem。”

*Source of 188bet Online Sports Betting and Casino article: Investment Community, forAuthor: cherry, original title: "ADVANCE.188bet Online Sports Betting and Casino completes Series C financing of US million and continues to deepen its original efforts in the 188bet Online Sports Betting and Casino ​​enterprise service market》.

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