Singapore’s CrediLinq raised $8.5 M Series A funding from OM/VC and MS&AD Ventures
The Singapore-based artificial intelligence (AI)-powered embedded finance platform CrediLinq, a portfolio company of 1982 Ventures, announced last Saturday that its $8.5 million Series A funding round was closed.
According to a statement from CrediLinq, MS&AD Ventures and OM/VC led the round.
Citi North America and Rustem Family Office are among the new investors; 1982 Ventures, 500 Global, Epic Angels, and Big Sky Capital are among the returning investors.
The statement states that the money will be used to support market expansion, strategic partnerships and acquisitions in the US, UK, and Australia; increase local presence in Singapore; hire top-tier tech, product, and commercial talent; and make investments in additional technological advancements.
The United States will be the first country in which CrediLinq expands geographically, followed by the United Kingdom and Australia.
In order to boost user growth and make it possible for digitally native businesses using these platforms to obtain funding, the company will try to collaborate with bigger digital platforms in these markets.
To support growth in the target markets, CrediLinq will bolster its leadership team in product, tech, marketing, and sales.
The company’s technology stack will also be improved with a large portion of the funds. AI-led credit algorithms that use the SME’s real-time digital footprint, including platform data, unstructured data, bureau information, and the like, will be continuously improved. These algorithms will minimize non-performing loans (NPLs), improve “Default On” collections, and create agentic workflows to increase efficiency.
“Today marks a pivotal moment for CrediLinq as we accelerate the growth of embedded finance globally, helping platforms empower digital native small and medium-sized enterprises (SMEs) with flexible, transparent and more seamless access to capital,
“With this new funding, we are excited to deepen our partnerships, expand into new markets, and invest in senior talent and technology infrastructure that will support the next phase of our growth,” said Deep Singh, Founder and Group Chief Executive Officer of CrediLinq.
The company is at the forefront of this innovation, according to CrediLinq co-founder Vikram Kotibhaskar, who also noted that the embedded credit revolution is still gaining popularity.
“By being integrated within platforms, our credit-as-a-service stack leverages API connectivity, transactional data and credit algorithms for quick decision-making at the point of need and offers easy checkout within the partner ecosystem,” he said.
He claims that this gives customers a quick, easy, and transparent experience and gives platforms additional opportunities to make money.
