Rich Data Co Secures $9 Million in Funding
Rich Data Co, a Sydney, Australia-based provider of an AI decisioning platform for business and commercial lenders, has secured $9 million in funding, bringing its total Series B investment to $37 million.
The investment comes from Acorn Capital, an investment management firm specializing in both listed and unlisted Australian companies. Acorn Capital provides investors with opportunities to support and benefit from the growth of innovative local businesses.
The company will use the funding to accelerate its expansion into North America and reinforce its position in the market, fueling ongoing innovation efforts.
Rich Data Co specializes in AI decisioning solutions for business and commercial lenders. RDC's platform utilizes AI and alternative data to gain deeper insights into customer behavior. Its platform helps financial institutions enhance risk management, optimize lending strategies, and ensure regulatory compliance through advanced AI technology.
Funding Details
Company: Rich Data Co.
Raised: $9.0M
Round: Series B
Funding Month: August 2024
Investor: Acorn Capital
Company Website: https://www.richdataco.com/
Software Category: AI Decisioning