IceKredit Raises $ 35 Million with Guochuang Zhongding as Lead Investor in Series C2 Funding

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2021-04-19

SHANGHAI, April 19, 2021 / PRNewswire / – Sponsored by Guochuang Zhongding as lead investor, Oriental Fortune Capital and Ally Capital as co-investor, IceKredit Inc. recently acquired $ 35 million in Series C2 financing with CVCapital as exclusive investment advisor. At the end of 2020, IceKredit completed funding for Series C1 and C2, which completed the Series C funding round. This funding will be used to expand the R&D team, merge upstream and downstream flows, and improve the ecological construction of the company and development of activities.

Leveraging core artificial intelligence technology, IceKredit provides personal risk management, enterprise risk management, intelligent decision engine, and intelligent customer acquisition. They can provide complete solutions for banks, consumer finance companies, insurance companies and other financial institutions, which realize risk management and cost reduction, accelerate ‘intelligence +’ upgrade and digital transformation the financial sector.

After 6 years, IceKredit has grown into a leading company in the AI ​​service provider industry, with a focus on risk management. At the same time, on the basis of the financial sector service provider, IceKredit continues to expand the applications of artificial intelligence, transform core technologies into products that adapt to different scenes, and promote the application artificial intelligence in sectors such as finance, healthcare. , government affairs and security.

Since its inception, IceKredit has worked for independent research and development of core technologies. Viewing deep learning, knowledge graphics, natural language processing (NLP), federated learning and other artificial intelligence technologies as innovative breakthroughs. IceKredit has obtained 31 patents and 34 other patents pending. IceKredit has received numerous honors such as CB Insights Global Fintech Top 250 for two consecutive times, KPMG China Leading Fintech Companies Top 50 for five consecutive years, Davos Forum China’s Top 50 AI, and Forbes China High growth Gazelle companies.

IceKredit has won long term orders from numerous Approved Financial Institutions with accumulated modeling experience and deep understanding of the industry. To date, IceKredit has achieved full coverage of major financial institutions and has cooperated with hundreds of companies around the world. In United States, IceKredit is committed to providing services to subprime clients who have not been covered by FICO and other credit bureaus using AI technology, to help them obtain loans at low rates. relatively low interest. IceKredit customers include many regional banks, community banks, and credit unions. In the past year, IceKredit has also entered South East Asia market and has extensive cooperation with Singapore OCBC Wing Hang Bank, Thailand Siam Commercial Bank, etc. IceKredit products are used more than 10 million times a day, helping millions of small and micro businesses and long-tail consumers to access financial services.

With several funding rounds, IceKredit has been developed from its artificial intelligence applications in the financial sector. IceKredit was born out of business services and has continuously extended the boundaries of services to multiple industries such as healthcare, government affairs and security. In the field of medical AI, IceKredit cooperated with a large hospital Shanghai explore smart diagnostic projects; in government AI, IceKredit and several governments have explored cooperation in risk monitoring and funding platform management projects; In the field of security AI, IceKredit has cooperated with the public security bureaus of central and western China on the smart AML project. As a technology-based company, IceKredit is embracing the pace of exploring the unknown and creating comprehensive artificial intelligence solutions for multiple industries for the future.

“IceKredit completed two funding rounds within six months during the COVID-19 pandemic indicates that tech-driven companies are receiving more attention than other investor verticals.” mentionned Lingyun Gu, Founder and CEO of IceKredit, “The primary and secondary market have realized the great potential and value of companies like IceKredit which are driven by algorithms and technologies as opposed to purely data-driven elements, which makes IceKredit a competition for investors. “

Yifeng Jiang, MD to Guochuang Zhongding, has the same take on IceKredit. He said: “Fintechs that take advantage of cutting edge and cutting edge technology have always been our focus. As an AI-powered fintech company, IceKredit has helped companies across various industry verticals mitigate risk by providing their proprietary algorithms and AI techniques over the past few years. IceKredit has invested heavily in research and development and has been able to provide services to both financial institutions and other industries, including medical institutions, government projects and public safety. “

Co-founder of Oriental Fortune Capital, Liwei Chen, attaches great importance to IceKredit’s strategic plans. “Instead of just being a data aggregator, IceKredit has focused on empowering finance through AI since its inception. IceKredit’s modeling capabilities and industry knowledge made it possible to achieve this goal. We invested in IceKredit primarily because we believe IceKredit fits in perfectly. their technologies with specific use cases in different industries that can constantly increase its revenue in the long run. IceKredit definitely has a very bright and promising future. “

IceKredit’s has its core competencies after years of hard work and constant improvement, such as Xiaoli huang, co-founder of Ally Capital, said: “IceKredit’s AI technologies have been used beyond the finance vertical in other industries, helping more and more companies grow with higher returns and lower risk. IceKredit is emerging as a leading force in the digital economy. “

SOURCE IceKredit


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