SoftBank Vision Fund 2 has co-led the AI-powered financial fraud prevention platform’s series D round, taking its valuation past the $2bn mark.

Advance Intelligence Group (AIG), a Singapore-based developer of payment fraud prevention technology, secured more than $400m in a series D round co-led by internet and telecommunications group SoftBank’s Vision Fund 2 today.

Private equity firm Warburg Pincus co-led the round, which was filled out by EDBI, Gaorong Capital, Northstar Group and Vision Plus Capital. It valued the company at more than $2bn.

AIG has developed artificial intelligence (AI)-enhanced financial products including buy now, pay later (BNPL) service Atome, data analytics…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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