Advance.AI

Advance.AI is a Singapore-based provider of eKYC, biometrics, alternative credit scoring and KYB for fast-growing markets. It was founded in 2016 and belongs to Advance Intelligence Group, which the company describes as valued at more than $2 billion, with SoftBank and Warburg Pincus among its investors.

Products - OneStop eKYC; - Liveness detection; - Checks against official government databases; - Alternative risk scoring; - Fraud blacklist.

Clients and markets Fintechs, digital lenders, banks, crypto businesses, e-commerce and PSPs. The company lists Southeast Asia, India, Latin America (Mexico, Colombia, Brazil) and Africa as its markets.

Commercial model Enterprise API subscription.

Who it suits Lenders and payment companies onboarding customers in emerging markets, where identity data is held in local government databases and ID documents differ by country. A single vendor with local database access can shorten integration. Which databases and document types are covered in each country, and the price per check, should be confirmed with Advance.AI.