Draft:Advance Intelligence Group
Singapore-based AI and fintech company
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Advance Intelligence Group is a Singapore-based artificial intelligence and financial technology company founded in 2016 by Jefferson Chen.[1] The company develops AI-driven products for digital identity verification, fraud detection, and credit risk assessment, and uses these technologies to operate consumer financial services including buy now, pay later and digital lending across Southeast Asia.[2][3]
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Comment: I am an employee of Advance Intelligence Group. I am disclosing this in compliance with Wikipedia's paid contribution disclosure policy. All content in this draft is sourced from independent, reliable secondary sources. I am submitting through the AfC process for independent review.
| Company type | Private |
|---|---|
| Industry | Financial technology, Artificial intelligence |
| Founded | 2016 |
| Founders | Jefferson Chen, David Chen |
| Headquarters | Singapore |
Area served | Southeast Asia, East Asia, South Asia, Latin America |
Key people | Jefferson Chen (Chairman and CEO) David Chen (Co-founder) |
| Products | Digital identity verification, Buy now, pay later, digital lending |
Number of employees | 1,500 (2021) |
| Website | advancegroup |
The company was started to address the problem of limited credit access for consumers and businesses in emerging markets where traditional banking infrastructure and credit history systems are underdeveloped.[4][2] Its initial product was an AI-powered risk assessment and identity verification platform for financial institutions in Southeast Asia; it later expanded into consumer-facing financial services through subsidiaries including buy now, pay later platform Atome and Indonesian digital lending platform Kredit Pintar.[2][5]
History
Founding and early products
Advance Intelligence Group was founded in 2016 in Singapore by Jefferson Chen, who had previously worked at Goldman Sachs on IPO and M&A transactions for Asian companies, and later as head of private investing for Greater China at Farallon Capital.[1][2] The company's first products were AI-based risk assessment, anti-fraud, e-KYC, and facial recognition services built for financial institutions, telecom operators, and internet companies in Southeast Asia.[2] According to Chen, the company developed computer vision and fraud detection technology adapted specifically for emerging markets in the region, where conventional credit scoring infrastructure was limited.[2]
By 2019, the company had expanded from enterprise services into consumer financial products. It launched Atome, a buy now, pay later service, based on the premise that payments and credit in Southeast Asian markets were moving toward instalment-based consumer financing.[2] Around the same time, the company began operating Kredit Pintar, a digital lending platform in Indonesia regulated by the country's Financial Services Authority (OJK).[3][6]
Growth and funding
In September 2021, the company closed a Series D funding round of more than US$400 million led by SoftBank Vision Fund 2 and Warburg Pincus, with participation from EDBI (the investment arm of Singapore's Economic Development Board), Northstar Group, Vision Plus Capital, and Gaorong Capital.[3][5] The round valued the company at US$2 billion, up from US$400 million in 2019.[3][7][8] At the time, the company operated across 12 markets in South and Southeast Asia, Greater China, and Latin America, with more than 1,500 employees.[3]
In July 2022, the company acquired Jewel Paymentech, a Singapore-based financial risk technology company that specialised in merchant due diligence, fraud detection, and risk management for the payments industry.[9][10][11]
In May 2023, Advance Intelligence Group raised an additional US$80 million from existing investors Warburg Pincus and Northstar Group, bringing total funding to more than US$700 million.[12][13][14]
Products and services
ADVANCE.AI
ADVANCE.AI, the company's original business unit, provides digital identity verification, KYC/KYB compliance, and risk management services to enterprise clients in banking, financial services, fintech, and e-commerce.[5][4] The platform uses AI-based facial recognition, document verification, and fraud detection to help financial institutions onboard and verify customers in markets where traditional identity infrastructure is limited.[2][4]
Atome
Atome is a buy now, pay later platform that allows consumers to split purchases into interest-free instalments.[5] The service operates across markets in Southeast Asia and Greater China.[5][15] In February 2024, co-founder David Chen stepped down as CEO of Atome to join GoTo Financial, while retaining his co-founder role at Advance Intelligence Group.[16][17] In June 2025, Atome secured a US$75 million asset-backed facility from Lending Ark to expand operations in the Philippines.[15]
Kredit Pintar
Kredit Pintar is a digital lending platform in Indonesia that provides unsecured consumer loans. It is licensed, registered, and supervised by the Financial Services Authority (OJK).[3][6] The platform was developed to extend credit access to Indonesian consumers who lack traditional credit histories, using the group's AI risk assessment technology to evaluate borrowers.[2]
