CrediLinq Raises $8.5M in Series A Funding for AI-powered Embedded Finance Platform
Summary:
- CrediLinq, a Singapore-based company, secured $8.5 million in Series A funding led by OM/VC and MS&AD Ventures, with additional investments from Citi North America and Rustem Family office, among others.
- The funding will be utilized for market expansion, strategic acquisitions and partnerships in the US, UK, and Australia, as well as to enhance technology and hire senior talent.
- CrediLinq offers an AI-powered embedded finance platform that enables B2B platforms and banks to develop financial products for digital native SMEs, focusing on empowering businesses to grow and scale.
CrediLinq, a company based in Singapore, recently announced the successful completion of their Series A funding round, raising a total of $8.5 million. The funding round was led by OM/VC and MS&AD Ventures, with participation from new investors such as Citi North America and Rustem Family office, as well as existing investors like 500 Global, Epic Angels, 1982 VC, and Big Sky Capital.
The main focus of the funding will be to drive market expansion for CrediLinq, with plans to establish strategic partnerships and acquisitions in key markets such as the US, UK, and Australia. The company also aims to strengthen its presence in Singapore, recruit senior talent in commercial, product, and technology roles, and invest in further enhancements to its technology platform.
CrediLinq specializes in providing an AI-powered embedded finance platform that operates on a Credit-as-a-Service stack. This API-centric approach allows B2B platforms and banks to create customized financial products for SMEs, particularly focusing on digitally native businesses looking to grow and scale. For instance, CrediLinq has established integrations with popular e-commerce marketplaces like Amazon, Lazada, and TikTok Shop to facilitate financial empowerment for merchants operating on these platforms.
