Rich Data Co Expands Series B with Additional $9M for AI Decisioning.
Positioned as a trailblazer in AI-driven financial solutions, Rich Data Co delivers critical insights that transform the business and commercial lending landscape.
Company Name: Rich Data Co
Location: Sydney, Australia
Sector: AI, Financial Services, Commercial Lending
Funding Details: Raised an additional $9 million in Series B funding, increasing the total round to $37 million. The round was led by Acorn Capital, following an initial $28 million led by Westpac and nCino.
Purpose of Investment: The funding will be used to fuel Rich Data Co's expansion into North America and bolster its position as a leading AI decisioning platform in the global banking sector. The investment supports ongoing innovation and development of advanced AI solutions tailored for financial institutions.
Leadership: Led by CEO Ada Guan, Rich Data Co is at the forefront of integrating AI with financial services to enhance decision-making processes in business and commercial lending.
Product and Innovation: Rich Data Co's platform leverages machine learning to provide deeper insights into lending processes, enhancing transparency, compliance, and accountability. This approach not only streamlines decision-making but also drives growth and improves the management of financial portfolios.
Company Growth: With this latest funding, Rich Data Co plans to continue its innovative trajectory, further developing its AI decisioning technologies to meet the evolving needs of the financial sector globally.
About the Company: Positioned as a trailblazer in AI-driven financial solutions, Rich Data Co delivers critical insights that transform the business and commercial lending landscape. The company's cutting-edge technology and commitment to innovation ensure it remains a key player in shaping the future of financial decisioning.