Finbots.AI Raises $3M in Series A Financing

Finbots.AI, a Singapore-based AI-based company that brings innovation to banks and financial institutions, raised $3m in Series A funding.

Accel made the investment from Fund VII.

The funds will be used to accelerate product improvement, marketing and sales, and customer support, in addition to recruiting talent and expanding the team throughout its offices in India and Dubai.

Led by Sanjay Uppal, founder and CEO, Finbots.AI provides AI-based solutions to help banks and financial institutions meet industry challenges. ZScore is a large-scale AI-based credit scoring system for credit institutions that covers the entire credit cycle. With an intuitive user interface and robust scorecard development capabilities, ZScore quickly develops accurate credit scorecards using advanced machine learning algorithms that use traditional and alternative historical data to automatically build, validate and deploy high-yield risk models in real time.