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ADVANCE.AI is expected to raise roughly $200 million in a funding round that will put the Singapore-based tech startup in exclusive company as a southeastern Asia unicorn, according to a Reuters report.The company uses artificial intelligence-based technology to offer digital identity verification, fraud detection and credit-scoring services. Private equity firm Warburg Pincus is the lead investor in the latest funding round for ADVA <a href=https://www.cups-stanley-cups.us>stanley cup</a> NCE.AI, Reuters reported.ADVANCE.AIs valuation is expected to more than double from its Series C fundraising round of two years ago that raised $80 million from Chinese venture capital firm Gao <a href=https://www.cups-stanley-cups.ca>stanley canada</a> rong Capital and Pavilion Capital among other investors, according to one of the anonymous sources who spoke to Reuters.The company also raised almost $55 million in a previous fundraising round.Chinese investment firm GSR Ventures and a subsidiary of Singapore state investor Temasek Holdings are among ADVANCE.AIs other investors. ADVANCE.AI works with more than 1,000 customers in banking, eCommerce, FinTech and retail, among other sectors.ADVANCE.AI plans to expand its <a href=https://www.stanleycups.pl>kubki stanley</a> footprint beyond southeast Asia and India into Mexico and other countries.Related: ModCloths Data-Driven Approach to Tackling Fraud, Reducing False PositivesFraud prevention is expected to be a $40.8 billion market by 2026, but not all security systems are built the same 鈥?and in some cases, they can cause more problems than they solve.Up to 15% of card-not-present CNP transactions are fals Jbsg How Digital Marketplaces Within The Retail Ecosystem Are Gig Economy Portals
Much has been made in this space of the supply chain and its inefficiencies. Certain verticals have room for growth, in terms of making the process and flow of goods and even services more timely and easier to track when it comes to payments. Better efficiencies drive better cash flow management, and better cash flow management is a function of better handling of invoices coming in for payment and goi <a href=https://www.stanleycups.us>stanley shop</a> ng out to be paid.One industry 鈥?that of wholesale distributors 鈥?has lagged the technology adoption curve <a href=https://www.stanley-cup.us>stanley cup</a> and thus benefits from attempts to maximize and streamline payments. In one recent announcement, ADS Solutions, which focuses on wholesale distributors, and Basware <a href=https://www.stanley-cup.us>stanley mugs</a> , which works within purchase-to-pay P2P technology, along with eInvoicing, have teamed up to help that vertical with its accounts payable management efforts. Another firm, Phoenix Fire, which focuses on building business partnerships, helped cement the relationship between ADS and Basware.In an interview with PYMNTS, Ann Grace, director of marketing for ADS Solutions, and Daniel Ervin, CEO of Phoenix Fire, said that the relationship between Basware and ADS which,聽Ervin said,聽helps Basware compete with, say, Tradeshift points toward the trend of enterprises large and small bringing on board fully integrated ERP platforms built on the cloud. And that trend, maintained Ervin, might blur the lines between SMBs and larger enterprises, especially as smaller firms become more nimble in competitions with larger ent
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