CrediLinq.Ai secures SGD 1.35 million in new funding round

By Leandra Monteiro

Singapore-based FinTech firm, CrediLinq.Ai, announced that it has acquired SGD 1.35 million through a new funding round.

The FinTech lending solutions company said that it plans to transform how credit is underwritten to SMEs using advanced tech solutions that will be integrated within its lending platform. CreditLinq.Ai’s platform is powered by its AI and machine learning algorithms. Participants in the funding round included Brandon Tee of B7 Capital, Sandeep Uberoi of Jungle Ventures, and software company Aerion Technologies.

The raised funds will enable CrediLinq.Ai to further expand its professional team, make updates to its technology and products, while accelerating the execution of its go-to-market strategy by financing its first set of loans. After introducing its services in Singapore, the company plans to expand operations regionally, focusing on the Hong Kong, Australia, and New Zealand markets.

According to media reports, Deep Singh, Founder of CrediLinq.Ai said ,“As a passionate believer in the possibilities of technology disrupting the banking and credit sector, our platform aims to pave the way for all businesses to have better access to growth capital. Over the years I have been privy to what technology can do for this sector, and we hope to be able to add value by changing how credit is underwritten. We are also humbled to be able to leverage on the vast experience of our team and advisors, helping us support the growth of SMEs and help investors achieve their goals.”