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Advance

Advance

Private
SingaporeFinTechwww.advance.ai

Last Round

Growth Equity

May 3, 2023

Est. Valuation

$2B

Total Funding Raised

$614M

Company Overview

Advance.ai is a fintech company that offers a big-data platform for anti-fraud detection services, assisting with loan applications through multi-platform detection, face recognition, identity and company checks, credit score data, and various analytic services to enhance business efficiency and lower manual verification costs.

Sector

FinTech

Verticals

Digital Identity, RegTech, Credit Scoring

Business Model

B2B

Customer Profile

Usage-Based SaaS, Subscription SaaS, Services & Consulting

AI Layer

Application

Keywords

digital identity verificationKYCIDVfraud preventionbiometric verificationrisk managementcustomer onboardingcredit scoringKYBliveness detectiondocument verificationalternative data scoringknow your customerAML complianceknow your businessidentity verification APImerchant intelligence

Historical Pricing

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Advance Comps

Public and private peers based on sector, stage, and business model.

CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Advance Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
Growth EquityMay 3, 2023
Series DSep 22, 2021
Series CSep 19, 2019
Series BJul 19, 2018
Series AAug 1, 2016
Seed
Jun 1, 2015

Key People

Founding team and executive leadership

Dennis Martin

Chief Executive Officer

Executive Team

Advance Investors

Notable investors and investment history

InvestorRounds
SoftBank Investment AdvisersSeries D
Farallon Capital ManagementSeries B
Analog HeritageSeed
Vision Plus CapitalSeries C, Series D, Series B
ZhenFundSeries B
Northstar GroupSeries D, Growth Equity, Series B
SoftBank GroupSeries D

Market signals

Structured signals derived from secondary market and firmographic data.

  • Mar 3, 2026

    Partnership with over 700 enterprise clients across multiple sectors.

  • Mar 3, 2026

    Parent company valued at US$2 billion.

Advance Filings

SEC and related filings with document metadata.

TypedDateAmount OfferedAmount SoldFillingPagesDownload
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Advance Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about Advance's valuation, stock price, and market status.

Firmographic Details

HeadquartersSingapore
Employee Range335
Year Founded2016
Last FundingMay 3, 2023

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