Smart credit fintech startup Flowcast nabs US$3M Series A funding from ING Ventures, BitRock Capital
Flowcast, a smart credit startup powered by AI that helps financial institutions and corporates make decisions, announces that it has raised a US$3 million with additional funding from existing investors including Katalyst Ventures and Alpana Ventures.
The company noted that the proceeds of this round will be used to fund the acceleration of Flowcast’s go-to-market strategy, global market expansion especially in Singapore and the APAC region, and the continuing product development and improvement.
Flowcast offers an AI-enabled platform to power smarter credit decisions for financial institutions and corporates. Flowcast’s API-based machine learning platform harnesses alternative data to unlock credit at scale, which helps empowers lenders and corporations to extend and monitor credit that is historically unavailable with conventional lending and credit scoring methods.
Flowcast shares that it is also participating in the SAP.iO Foundry Singapore program, which aims to accelerate startups via providing them access to curated mentorship, exposure to SAP technology, and application programmable interfaces (APIs) with opportunities to collaborate with SAP customers in the Southeast Asian region.