- Rich Data Co (RDC) secures $17.5 million in Series B funding round.
- Plans for North American expansion fueled by the investment.
- Westpac and nCino lead the funding round for the Sydney-based AI credit risk firm.
- BMY Group reinvests, and Octava Fund joins as a new investor.
- RDC to use funds to strengthen services in North America.
- The platform utilizes explainable AI (XAI) for comprehensive borrower behavior insights.
- Previous partnerships with Westpac and nCino showcased successful applications.
- CEO Ada Guan emphasizes strengthening relationships and disrupting lending approaches.
AI-backed Aussie risk decisioning firm Rich Data Co raises $17.5m Series B
