What is Rich Data?
Rich Data provides AI Decisioning as a Service, effectively serving as the intelligence layer for business lending operations. By integrating deep industry expertise with sophisticated AI models, the platform enables lenders to enhance operational efficiency, improve risk assessment, and deliver uplifted customer experiences. In an era where digital transformation is paramount, Rich Data's solution addresses the complexities of the credit lifecycle, allowing financial institutions to automate decision-making processes while maintaining rigorous compliance and performance standards.
How much funding has Rich Data raised?
Rich Data has raised a total of $41.5M across 3 funding rounds:
Other Financing Round
$15M
Series B
$17.5M
Series B
$9M
Other Financing Round (2021): $15M with participation from Bmyg
Series B (2023): $17.5M led by Octava, nCino, Westpac, and Bmyg
Series B (2024): $9M supported by Acorn Capital Partners
Key Investors in Rich Data
Acorn Capital Partners
Acorn Capital Partners is a specialized investment firm focused on providing flexible financing solutions to growth-stage companies and businesses with complex credit profiles.
Octava
Octava Private Limited is a Singapore-based holding company that manages a diverse portfolio across real estate, digital assets, and strategic venture capital investments.
nCino
nCino is a leading provider of cloud-based banking software, offering a comprehensive platform that streamlines loan origination and customer onboarding for financial institutions.
What's next for Rich Data?
With this latest capital, Rich Data is well-positioned to accelerate its product roadmap and scale its enterprise-level operations. The focus will likely shift toward deepening the integration of its AI brain within existing banking ecosystems, further reducing friction in loan origination and management. As the company matures, the strategic alignment with its diverse investor base—ranging from multinational banking institutions to specialized private equity firms—will be instrumental in navigating the competitive fintech landscape and driving sustainable, long-term value for its stakeholders.
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