Warburg Pincus led a $200m funding round in ADVANCE.AI.

Warburg Pincus, a private equity firm, led a $200m funding round in ADVANCE.AI, a Singapore-headquartered tech startup. Additional investors include GSR Ventures, Temasek Holdings, Gaorong Capital and Pavilon Capital. "While COVID-19 has accelerated the pace of digitalisation in financial services and digital commerce, it also comes with the increased threat from online financial crime, which is more sophisticated and organised than ever. Combining Dow Jones' AML and compliance data with our eKYC and risk scoring solutions improves the robustness of our one-stop digital identity verification (DIV) platform, which unifies our enterprise fraud and risk management solutions, and protects our enterprise partners from operational and reputational risks," Dong Shou, ADVANCE.AI CEO.