WISE AI, an electronic know your customer (eKYC) startup based in Malaysia, announced today it has raised an undisclosed amount in pre-Series A funding, led by Sun SEA Capital, the venture arm of Sunway Group.
The fresh funds will be used to bankroll its expansion across Southeast Asia.
Incorporated in 2018, WISE AI uses artificial intelligence to e-verify customers when onboarding them for financial services and beyond.
Its clients range from financial institutions and fintech firms to credit rating agencies and governments.
According to Co-founder and CEO David Lim, the benefits of eKYC go beyond financial inclusion. For example, the time saved when authenticating patients’ medical records and helping citizens securely access government incentives and services.
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