Silot was established in Singapore on 20 17. At the beginning of its establishment, Silot was invested by Zhenge Fund Angel Wheel, which was Zhenge's first project in Southeast Asia. 65438+ In February of the same year, Silot received Pre-A investment from Arbor Ventures and Stowe Capital.
The core of Silot is to help Southeast Asian banks transform from traditional decision-making methods 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 large number of manpower to make financial decisions, which leads to the bottleneck of decision-making efficiency, data connectivity, scenario expansion and multi-dimensional evaluation, and hinders the efficient operation and business expansion of banks.
Silot uses artificial intelligence to create an extensible decision engine for banks, bringing more efficient payment experience, safer transactions and customers, and more accurate credit decisions. Silot is developing rapidly with the trend of subverting the financial industry in Southeast Asia. Its clients include Nobu Bank, a subsidiary of Lippo Group in Indonesia, and Krungsri Bank, the largest card-issuing bank in Thailand, and it has obtained strategic investment from Krungsri Bank.
Sam Skur, head of its innovation and financial technology department, commented, "The Silot team has strong technical strength. From the beginning, we have full trust in Silot, and deep cooperation with Silot is undoubtedly wise. "
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 a very challenging but worthwhile thing.
Andy Lee
Mr. Kitaoo, 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 sector. As one of the main investors of Silot, SBI Group will spare no effort to help Silot empower banks in Japan and other parts of Southeast Asia in the era of artificial intelligence. "
At the beginning of this year, Silot was selected as the top 20 enterprise in banking technology by American CIO Outlook, and became a financial incubator in the plug-and-play Middle East. Relatively speaking, China's mobile payment scenario and internet finance are relatively well developed, but emerging markets including Southeast Asia lack a "bank 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 2002, SBI Holding Company was listed on the Tokyo Stock Exchange and became independent from Softbank in 2006. 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 800 companies, one fifth of which 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 experts from relevant industries, striving to make the best investment decision on the basis of the most comprehensive investigation and analysis. SBI has a first-class 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 Abreu Venture Capital Company
About Sumitomo Corporation
Sumitomo Corporation is one of the world's top 500 enterprises in the field of trade and business investment. It has 1 10 offices in 65 countries and regions, 22 of which are located in Japan, and it has more than 900 companies. 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 a wholly-owned subsidiary of Mitsubishi UFJ Financial Group (MUFG). Mitsubishi UFJ Financial Group was formed by the merger of Mitsubishi Tokyo Financial Group and UFJ Holding Company. After the merger, its assets reached $65,438 +0.64 trillion, surpassing the previous world's largest American Citigroup. Mitsubishi UFJ currently ranks 177 among the world's top 500 enterprises, and is the largest comprehensive large-scale financial institution in Japan and the fifth largest in the world. Headquartered in Tokyo, it has more than 2,300 offices in more than 50 cities around the world, covering commercial banks, 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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