Rich Data Co, a Sydney, Australia-based company which specializes in artificial intelligence (AI) decisioning for business and commercial lenders, raised additional $9M in Series B funding.
The round was led by Acorn Capital. Acorn Capital’s investment followed the initial close of $28M in November, led by Westpac and global cloud banking leader nCino (NASDAQ: NCNO), bringing RDC’s total Series B funding to $37M.
The company intends to use the funds to accelerate its expansion into North America, consolidate its position as a leading AI decisioning platform provider in the global banking sector, supporting ongoing innovation efforts to provide advanced AI solutions to financial institutions.
Led by CEO Ada Guan, Rich Data Co provides AI technologies and solutions that improve the landscape of business and commercial lending. By harnessing machine learning and blending it with human expertise, it offers insights that bring transparency, compliance, and accountability to every decision, driving growth and fostering opportunities in financial portfolio.
FinSMEs
09/08/2024