Rich Data Co., an Australian startup headquartered in Sydney that specializes in artificial intelligence (AI) decisioning for commercial and corporate lenders, has secured additional $9 million in Series B funding.
Leading the round was Acorn Capital. With the addition of Acorn Capital, RDC’s total Series B funding has increased to $37 million.
The previous $28 million funding round in November was spearheaded by Westpac and worldwide cloud banking giant nCino (NASDAQ: NCNO).
The business plans to use the money to support ongoing innovation initiatives to offer financial institutions cutting-edge AI solutions, expedite its entry into North America, and solidify its position as a top supplier of AI decisioning platforms in the global banking industry.
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Rich Data Co., led by CEO Ada Guan, offers artificial intelligence (AI) technology and solutions that enhance the business and commercial lending environment.
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It provides insights that bring transparency, compliance, and accountability to every decision by utilizing machine learning and combining it with human experience. This promotes opportunities and growth in financial portfolios.
About Rich Data Co
Rich Data Co. (RDC) leads business and commercial lender AI decisioning. The RDC AI platform helps banks make safe, high-quality lending choices. With advanced explainable AI technology, the platform streamlines origination and portfolio management decisions.
