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Rich Data Co

Enabling Future of Credit through AI Decisioning #futureofcredit

Founded 2016 Australia Australia 73 employees Series B Total: $51.10M AI, Analytics +3

General Information

Company Name Rich Data Co
Founded Year 2016
Location Australia Australia
Employees 73
Industries AI, Analytics, Financial Services +2
Funding Stage Series B
Social

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About Rich Data Co

Rich Data Co (RDC) is an industry leader in artificial intelligence (AI) decisioning for business and commercial lenders. The RDC AI platform enables banks to make high-quality lending decisions efficiently and safely. Leveraging advanced explainable AI technology, the platform delivers efficiency and transparency in both origination and portfolio management decisions. With the RDC platform, banks can deliver more meaningful customer interactions, improve credit outcomes, and increase lending.

Founded in 2015 and headquartered in Australia, RDC operates in the Analytics and Financial Services industries. The company recently secured a significant $28.00M Series B investment on 29 November 2023, with backing from prominent investors including Westpac, BMY Group, Octava, and nCino.

RDC's focus on leveraging AI to enhance lending decisions aligns with the growing demand for efficient and effective credit processes in the financial sector. The recent investment underscores both the market potential for AI-driven lending solutions and the confidence of established players in RDC's approach. With its commitment to innovation and its notable investor support, RDC is well-positioned to continue leading in the future of credit through AI decisioning.

Business keywords: AI decisioning, credit decision making, small business lending, commercial lending, regulatory compliance, global expansion, inclusive finance, sustainable credit, DaaS platform, alternative data, lending lifecycle

Funding Rounds & Investors (3)

View All
Funding Stage Amount Investors Lead Investors Date
Series B $28.00M 4
Westpac, BMY Group +2
29 Nov 2023
Series A $14.00M 1
BMY Group
01 Oct 2020
Seed Round $9.10M -
01 Oct 2016

Rich Data Co Alternatives & Competitors

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Rich Data Co vs
Akiba Digital
Akiba Digital South Africa

Smarter Credit and Identity Risk Decisioning for Africa.

Pre-Seed
18 employees
Analytics, Cloud Infrastructure
Rich Data Co vs
VIVA Finance
VIVA Finance United States

Building an inclusive financial system.

Series A
43 employees
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Rich Data Co vs

Working Capital Loans To Bridge Any Gap

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FAQ About Rich Data Co

Enabling Future of Credit through AI Decisioning #futureofcredit
Rich Data Co was founded in 2016.
Rich Data Co is headquartered in Australia.
Rich Data Co operates in AI, Analytics, Financial Services, Lending and Investments and Machine Learning. Its work centres on AI decisioning, credit decision making, small business lending and commercial lending.
Rich Data Co has approximately 73 employees.
Rich Data Co has completed 3 funding rounds, raising a total of $51.10M. The latest funding stage is Series B.
Top alternatives and competitors to Rich Data Co include Akiba Digital, VIVA Finance, Priority Lending, FairPlay AI, Monify Loans. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Rich Data Co and Akiba Digital are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Rich Data Co, https://bouncewatch.com/company/rich-data-co, updated 30 December 2024. When citing, please name BounceWatch and link this page.

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