Silot, an "intelligent financial decision-making platform" in Southeast Asia, has recently completed a round of financing of US$ 8 million. This round of financing was led by SBI in Japan, followed by Sumitomo Corporation, Krungsri Finnovate, a subsidiary of MUFG, and Arbor Ventures, an old shareholder. This financing will be mainly used for knowledge mapping research, market expansion and financial product innovation.

Silot was established in Singapore in early 217. At the beginning of its establishment, Silot was invested by Angel Wheel of Zhenge Fund, which was Zhenge's first project in Southeast Asia. In December of the same year, Silot received the Pre-A round of investment from Arbor Ventures and Stowe Capital.

the core of silot is to help southeast Asian banks transform from traditional decision-making to intelligence through fast and extensible artificial intelligence technology. At present, in Southeast Asia, the infrastructure and organizational structure of most banks determine that they can only rely on a lot of manpower to make financial decisions, which leads to the bottleneck of decision-making efficiency, data connectivity, scenario extensibility and multi-dimensional evaluation, which hinders the efficient operation and business expansion of banks.

Silot uses artificial intelligence to build an extensible decision engine for banks, which brings more efficient payment experience, safer transaction and customer acquisition, and more accurate credit decision. Silot is developing rapidly with the trend of subverting the financial industry in Southeast Asia, serving customers including Nobu Bank under Lippo Group in Indonesia and Krungsri Bank, the largest card issuer in Thailand, and winning strategic investment from Krungsri Bank.

Sam Tanskul, head of its innovation and financial technology department, commented, "The Silot team has strong technical strength, and we have full trust in Silot from the very beginning. It is undoubtedly wise to cooperate with Silot in depth."

Andy Li, founder and CEO of Silot, said that China is at the forefront of the world in both artificial intelligence and financial technology. As an offshore enterprise in Fintech field, how to integrate into the local mainstream financial ecosystem, combine China's leading technology with the needs of the local market, and gain the trust of local financial institutions is very challenging but worth doing.

Andy Li

Mr. Kitao Kitao, president of SBI Group (former CFO of Softbank Group), is full of confidence in Silot. "Silot's intelligent platform will greatly improve operational efficiency and help banks make financial decisions through knowledge mapping technology, which will bring a subversive revolution to the local financial field. As one of the main investors of Silot, SBI Group will spare no effort to help Silot empower banks in Japan and other regions in Southeast Asia in the era of artificial intelligence. "

at the beginning of this year, Silot was selected as the Top 2 enterprise of banking technology by CIO Outlook of the United States, and became a financial incubator in the middle and eastern regions of Plug and Play. Relatively speaking, China's mobile payment scenario and internet finance have developed relatively well, but emerging markets including Southeast Asia lack the "banking brain" that can provide efficient and scalable solutions and cross-business scenarios. Silot is an innovative intelligent banking platform born in response to this market demand. After this round of financing, Silot will further expand its territory in this field.

About SBI Investment

SBI Investment Co., Ltd., formerly known as Softbank Investment Department, is the investment department of SBI Holding Company. In 22, SBI Holding Company was listed on the Tokyo Stock Exchange and became independent from Softbank in 26. At present, SBI investment is the largest Internet finance group covering securities, finance, insurance, asset management, virtual currency trading and financial technology incubation. SBI Investment has the world's first "network financial ecosystem" and set up the industry's first "Fintech" special fund, which is one of the world's top groups in this field.

As the investment department of SBI Holding Company, it has invested in more than 8 companies, and one fifth of them have been successfully listed or acquired by a third party. When making an investment decision, SBI Investment will comprehensively evaluate the company's management quality, industrial vision, growth potential, and innovative spirit embodied in services or products. The investment decision-making committee is composed of relevant industry experts, and strives to make the investment decision with the best benefit on the basis of the most comprehensive investigation and analysis. SBI has a top-notch incubation infrastructure and will spare no effort to use its commercial resources and management experience to help the selected portfolio companies accelerate their growth.

About Arbor Ventures

About Sumitomo Corporation

Sumitomo Corporation is a world-leading global 5 enterprise in trade and business investment, with 11 offices in 65 countries and regions, 22 of which are located in Japan, and more than 9 companies under its banner. Sumitomo Corporation uses the global network to engage in commodity trading in various industries, provide rich financial services to related customers, organize and operate various projects, and invest in companies with growth potential. Sumitomo Corporation's core business areas include metal products, transportation and construction systems, infrastructure construction, digital media, daily necessities, real estate, mineral resources, chemicals and electronic products.

About Krungsri Finnovate

Krungsri Bank is wholly-owned and a member of Mitsubishi UFJ Financial Group (MUFG). Mitsubishi UFJ Financial Group was formed by the merger of Mitsubishi Tokyo Financial Group and UFJ Holdings. After the merger, its assets reached 1.64 trillion US dollars, surpassing the previous world's largest American Citigroup. At present, Mitsubishi UFJ ranks 177th among the top 5 companies in the world, and it is the largest comprehensive large financial institution in Japan and the fifth largest in the world. Headquartered in Tokyo, it has more than 2,3 offices in more than 5 cities around the world, and its services include commercial banking, securities trading, credit cards and asset management. As the first customer of Silot, Krungsri became one of Silot's investors after fully evaluating its service quality and growth potential.

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