LandedFinTech AIProduct / Service Export2019SE-050

ADVANCE.AI (Advance Intelligence Group) · Philippines

Global South·Southeast Asia·Group: Advance Intelligence

Source: Credit Information Corporation (CIC), ADVANCE.AI sign agreement to launch credit bureau in the Philippines (2024)High

How to read these numbers: A purposive, publicly sourced case library, not a probability sample: counts describe the library, not market share. Monetary figures mix investment, revenue and user metrics — treat them as magnitude markers and defer to the verbatim description and source link.

What happened

ADVANCE.AI, under Advance Intelligence Group, has provided AI-based digital identity verification, KYC/KYB, and risk-control services in the Philippines since 2019, with clients including Skyro, among others. In August 2024, it signed an agreement with the state-owned credit information company CIC and obtained an SAE license to become a new credit bureau in the Philippines, commencing operations in the fourth quarter of that year and serving fintech companies and digital banks. It has also partnered with FinScore to provide credit scoring for the unbanked population using telecom alternative data.

Localisation & innovation

Building credit profiles for the Philippines' credit-invisible population using alternative data such as telecom call and top-up records, to support inclusive credit decision-making

Structured fields

Host country: Philippines
Region: Southeast Asia
AI segment: FinTech AI
Entry mode: Product / Service Export
Entry year: 2019
Deployment status: Landed
Capital direction: China->host (outbound deployment)
Company group: Advance Intelligence

Local partner

Credit Information Corporation

GovernmentState-linked partner

Scale

The company's client scale could not be confirmed in verifiable public sources ('500+' remains to be verified); the Philippine credit bureau subsidiary Credit Bureau Philippines (ADVANCE.CBP) raised a US$4 million seed round in October 2024

Magnitude marker: ~4,000,000 USD

Monetary fields mix investment, revenue and user metrics. Treat them as magnitude markers only — never sum them across records; defer to the verbatim wording and source above.

Sources & notes

Source: Credit Information Corporation (CIC), ADVANCE.AI sign agreement to launch credit bureau in the Philippines (2024)High

Record note: Headquartered in Singapore; included under the 'Chinese-invested background' criterion: co-founder Dong Shou and others form an ethnic Chinese team, and investors include Chinese-background funds such as Gaorong Capital, GSR Ventures (Jinsha River Venture Capital), and Vision Plus Capital (Yuanjing Capital), among others (company-disclosed investor list). Cross-reference with the ADVANCE.AI Singapore entry.

Compiled from public reporting and company disclosures. Not legal or investment advice — cite the source link alongside any quotation.

Related records

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Ant Group (GCash/Mynt)

Philippines·Southeast Asia

LandedSE-052

FinTech AIJoint Venture / Strategic Partnership2020

Ant Group holds a stake in the Philippines' Mynt (the parent company of GCash, a joint venture with Globe Telecom and Ayala Corporation), and has exported Alipay's AI risk-control engine AlphaRisk to GCash: in June 2020, GCash announced the adoption of an upgraded version of AlphaRisk to strengthen real-time anti-fraud and risk management, achieving a fraud loss rate below 0.64 per ten million, leveraging more than 200 algorithms under AutoPilot to automatically adjust risk-control strategies.

Source: GCash Adopts Alipay's Risk Technology to Bolster Security (2020)High