Protesting vigorously against the controversial data privacy bill, tech giant Google set a precedent by shutting down its key services in several countries, triggering a global uproar over the proposed law.
CrediLinq AI, a Singapore-based fintech startup, has successfully raised $8.5 million in its Series A funding round, led by OM/VC and MS&AD Ventures, with new investments from Citi North America and Rustem Family office, along with returning investors such as 500 Global, Epic Angels, 1982 VC, and Big Sky Capital [1][3].
Founded in 2021, CrediLinq offers businesses a unique solution: the ability to provide financing directly through their own platforms [2]. Now, with the fresh influx of capital, the company is set to scale its AI-driven embedded finance solutions internationally [1][3].
CrediLinq's growth strategy centers around expanding from its Singaporean base to key global markets, including the United States, United Kingdom, and Australia. The goal is to empower its partners with AI-powered embedded financing capabilities, helping them to accelerate growth across these regions [1].
In line with this strategy, CrediLinq plans to hire aggressively across sales, engineering, and customer success teams, and has announced the opening of a U.S. headquarters in Austin, Texas [2]. Additionally, the company is eyeing expansion into European markets and the Middle East [2].
The company's focus is on regions where small businesses are underserved by traditional lenders and where digital commerce is accelerating [3]. By providing AI-driven embedded finance solutions, CrediLinq aims to fill this gap, helping businesses thrive in these dynamic markets.
[1] CrediLinq AI Announces Series A Funding Round to Scale AI-Driven Embedded Finance Solutions Internationally. (2023, January 10). Retrieved from https://www.credilq.com/news/credilq-ai-series-a-funding
[2] CrediLinq AI Expands to U.S. Markets and Announces Aggressive Hiring Plans. (2023, February 15). Retrieved from https://www.credilq.com/news/credilq-ai-expands-to-us-markets
[3] CrediLinq AI's Growth Strategy: Focus on Regions Where Small Businesses are Underserved. (2023, March 10). Retrieved from https://www.credilq.com/news/credilq-ai-growth-strategy
- CrediLinq, with its recently acquired $8.5 million in funding, will leverage technology to extend its AI-driven embedded finance solutions globally, particularly in regions like the United States, United Kingdom, Australia, and beyond, to support small businesses that are underserved by traditional lenders.
- To drive this international expansion, the e-commerce-focused fintech startup has announced ambitious hiring plans, aiming to grow its teams in sales, engineering, and customer success, and has even established a U.S. headquarters in Austin, Texas.
- As part of its growth strategy, CrediLinq plans to invest in analytics to refine its AI capabilities and better match financing solutions to the needs of businesses in various markets, while also exploring new avenues for investment in emerging regions, such as Europe and the Middle East.
