An ecosystem of AI-powered, credit-enabled products and services that includes consumer financing, enterprise KYC/fraud and risk management solutions, and merchant services SaaS platform.

Advance Intelligence Group

Kredit Pintar

Ginee - Global Intelligence and E-commerce Engine

ADVANCE.AI

Atome

Headquartered in Singapore, Advance Intelligence Group is an AI-driven technology company focussed on transforming financial services and retail industries.

Backed by investors such as Softbank Vision Fund 2, Warburg Pincus, Northstar Group, Standard Chartered Bank and Singapore-based EDBI, Group has raised USD 700 million in funding to-date and secured capital in excess of USD 1 billion supporting its credit book.

Today, the Group serves 500+ enterprise clients, 235,000 merchants and 40 million consumers. Since inception, it has disbursed USD4+ billion in loans.

We are committed to leveraging innovative technology and partnerships to build an ecosystem of products and services to serve consumers, enterprises and merchants. 

We are a Series D-backed company with 1,400+ staff across Asia. 

We serve enterprise, consumers and merchants through our 3 Business Units:
- ADVANCE.AI is the region's leading SaaS risk management company providing KYC/KYB digital identity, compliance, fraud prevention, and process automation for enterprise clients. 
- Atome Financial offers consumers greater financial access and inclusivity through Atome, the region's leading digital consumer financing platform, and digital lending app Kredit Pintar in Indonesia.
- Ginee is a leading e-commerce merchant services technology platform serving Southeast Asia; providing comprehensive digital solutions for e-commerce, retail, brand and enterprise customers.

We are united by a shared vision and purpose: to Advance with Intelligence for a Better Life--for our customers, colleagues and communities. 

Our culture is built on values that are core to who we are and what we stand for:
1. We foster an INNOVATION mindset
2. We achieve results with EFFICIENCY and excellence
3. We take pride in the QUALITY of our work
4. We uphold INTEGRITY in all we do
5. We embrace COLLABORATION to work across business lines and borders

Northstar Group

Warburg Pincus

ZhenFund

Gaorong Capital

GSR Ventures

Pavilion Capital

SoftBank Vision Fund

EDBI

Vision Plus Capital

Delighted to announce our consumer business Atome Financial, which includes our Atome #buynowpaylater and Kredit Pintar, our digital lending platform in Indonesia, has secured a secured a three-year term loan facility from EvolutionX Debt Capital. 

Atome Financial is concurrently working with a syndicate of investors to fully utilise the accordion feature of the facility which can increase the total amount to up to US$100 million. 💰✨

Having reached profitability in Q1 this year, the new facility will supercharge expansion of its profitable regional credit portfolio and support the launch of new products such as #savings, #lending, #insurance, and #AtomeCard (Pay Later Anywhere) in markets including #Singapore, #Malaysia, #Philippines, and #Indonesia. 🚀🚀

Rahul Shah, Partner at EvolutionX Debt Capital, said "We have been impressed by Atome Financial’s management team and support from long-term investors and partners, underpinned by strong focus on #riskmanagement and operational efficiency, which has resulted in #sustainable and #profitable business growth. The launch of innovative and fit-for-market solutions like the #AtomeCard (PayLater Anywhere) and lending products demonstrates their ability to expand offerings while leveraging local market expertise. This is our first #fintech investment in Southeast Asia, and we’re excited to support Atome Financial in their ongoing journey to improve #financialinclusion and access to mobile-first #financialservices in large under-served markets in #SoutheastAsia.”

It's been a long road but we're super excited to share this incredible milestone! 

Atome Financial, comprising Atome buy-now-pay later (BNPL) and Kredit Pintar, announced today its exceptional financial performance for the full year of 2023: 

💼💰Operating income for Jan-Dec 2023 nearly doubled to US$170 million, from previous year's US$88 million.

 📈💰In addition, Atome Financial achieved another significant milestone in the first quarter of 2024 by turning EBITDA positive.

One of the standout successes for Atome Financial lies in the #profitability of its #BNPL business, Atome. 

🛒💰With #GMV (Gross Merchandise Volume) of nearly US$1.5 billion processed in 2023, Atome BNPL turned profitable, thanks to a 130% surge in revenue.

How did Atome Financial achieve this?
-- laser-focused operational efficiency 
-- strategic expansion of regional commercial partnerships
-- expansion and diversification into broader digital financial services such as 
Atome PayLater Anywhere #Card in the Philippines and #AtomeCash 
-- solid capital base and support from shareholders and capital partners

💪🏼 🙌 🙏 And lastly, but most importantly, the incredible work and dedication of all Atomees. 

Atome Financial's exceptional performance underscores our resilience, adaptability, and unwavering dedication towards our mission of providing consumers with easier, simpler, and more affordable access to digital-first financial services, leveraging world-class #riskmanagement and #underwriting technology, along with disciplined operational execution.

More here: https://lnkd.in/gHmw2rwh

ONWARD!

Last week, our digital lending business Kredit Pintar took part in "Fintech Lending Days: Medan", a week-long roadshow organized by (AFPI) Asosiasi FinTech Pendanaan Bersama Indonesia  involving Micro & SME Exhibition & Talk Show exhibition in North Sumatra.

A highlight of the two-day event was witnessing the remarkable work of Galeri Tenun Trias Tambun, a small business specializing in woven fabrics using the traditional Jacquard method. Notably, they utilized fintech loans for working capital to expand their operations. 

MSMEs contribute 60% towards Indonesia's GDP and employ ~97% of Indonesia's working population. At Kredit Pintar:

	• 🏢 1 in 2 loans are for working capital/education
	• 🧕🏽45% of borrowers are female 
	• 🇮🇩 Borrowers are spread out across Sumatra and east, west, central Java 

It was also highlighted that by the end of 2023, the fintech lending industry has distributed IDR 241 trillion, a 45% increase YoY.

At the event, Entjik S. Djafar, General Chair of (AFPI) Asosiasi FinTech Pendanaan Bersama Indonesia  said, "This is proof of their (MSME) interest in alternative funding for their business through #fintech #lending platforms. It is hoped that this event will be able to become a bridge between micro business actors or entrepreneurs and fintech lending providers to be able to collaborate with each other in joint business development. 

"We also want to continue to educate MSME players to use fintech lending platforms as a legal funding alternative, to avoid (illegal) borrowing." 

Kokko CFP® AEPP® Puji S. yasmine sembiring

#innovation #inclusiveness #economicgrowth #MSMEs #fintech

Our Group's mission since Day 1 has been to enable fairer access to #credit and greater #financial and #digitalinclusion, especially for #underbanked and #underserved consumers and businesses in Southeast Asia and beyond.

It's therefore a privilege to be able to collaborate and partner regulators like Indonesia's Otoritas Jasa Keuangan in educating the #BFSI industry about #financialcrime and #fraudrisk, contributing to the advancement of  Indonesia's #digitaleconomy.

#Indonesia #compliance #safety #security

Our Chief Marketing Officer Mi Li had the honour to speak alongside esteemed panellists Yoke Fun Chiang Chloe Neo Fatima Almubbad Terry O'Connor OBE and moderated by Sun Sun Lim at #SummitX at Shangri-La Hotel in Singapore. 

Very insightful dialogue on #digitaltransformation and #ESG from government, large enterprise and #fintech perspectives. 

We had opportunity to share how Advance Intelligence Group leveraged technology to drive sustainable #financial and #digitalinclusion across the region:
 
💰Provided risk-managed, affordable credit to 40M consumers

👥 Helped #banks and #FIs onboard and #financing to 160M consumers 

🛒 Supported 300,000 #MSMEs in e-commerce order management & logistics

On #corporategovernance, we also shared how #compliance, #security and strict #datagovernance and #privacy are being implemented in a top-down approach across the entire organization.

Also a special shout out to all the fearless #womenintech leaders as we celebrate #internationalwomensday this week, and in particular Debbie Lee (李岱砡), TechStorm TV founder and organiser of this wonderful event.  

#SummitX2024 #SummitXSingapore #IWD2024

Did you know that Indonesia's MSME (Micro, Small and Medium Enterprises) sector contributes 62% of the country's GDP and employs nearly 97% of the total workforce? 

This past weekend, our digital lending arm Kredit Pintar conducted its second #financialliteracy workshop of the year in the Purwokerto region in Central Java. 

We invited Pujianto, General Chair of the Banyumas Micro, Small and Medium Enterprises Association (Aspikmas) to share his #digitalmarketing tips to grow MSME businesses with the Kredit Pintar community, where 1 in 2 loans are for working/productive capital and 45% of borrowers are female. 

#MSME #workingcapital #PintarBersama #financialinclusion

COM:ADVANCEGROUP

Advance Intelligence Group

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