IceKredit, Inc., a Los Angeles, CA and China-based credit risk and credit management company, raised $47m in pre-Series C funding.
The round, which brought total funding to $91m, was sponsored by Guohe Capital and Yunqi Partners and other existing stockholders.
The company plans to use the funds to:
– enlarge the business analytics, big data engineering, and AI teams in R&D;
– expand business outreach to international markets; and
– introduce new merge-and-acquisition campaigns with upstream and downstream enterprises to augment and optimize the ecological composition and operational structure.
Founded in 2015 by chairman and CEO Lingyun Gu, IceKredit leverages artificial intelligence technology to provide credit risk and credit management solutions for banks and other financial institutions to counteract fraud, admit trustworthy customers, compute and approve financial transactions, enforce security through real-time monitoring and functional alerts, and more. Outstanding products such as the IceKredit credit score, integrated enterprise risk control service, intelligent risk decision engine, and knowledge graph computing platform are crucial platforms necessary for any financially-resilient enterprise.
The company, which has a team of 270+ members, has also built 2 AI laboratories located in the United States and China for R&D, composed of Ph.D. graduates from Carnegie Mellon University, Stanford University, Columbia University, Purdue University, UC Berkeley, and academic institutions. Research-wise, they engage in deep learning, natural language processing, knowledge graph, voice recognition, computer vision, and other contemporary applications of data science and ML.
Clients include many regional banks, community banks and credit unions. In recent year, IceKredit also entered Southeast Asia market. After the corporation with Oversea-Chinese Banking Corporation in Singapore, the company expanded its reach to market of Indonesia and Thailand.
IceKredit has worked instantly with banks in Southeast Asia such as United Overseas Bank and Siam Commercial Bank. In China, clients include Bank of China, Industrial and Commercial Bank of China, Bank of Communications and other large financial institutions.