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Home South East Asia

Wise AI raises at least $10M to address KYC gap in Southeast Asia

NEWSROOM by NEWSROOM
July 18, 2024
in South East Asia, Technology
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Malaysia-based selfie biometrics and digital ID provider Wise AI has raised at least ten million dollars in a series A funding round, Digital News Asia reports. The company declined to specify the amount raised, saying only that it is eight figures.

Funding round participants include Malaysia Technology Development Corporation (MTDC), VentureTech SBI Sdn Bhd (VT-SBI) and Sunway Group’s Sunway iLabs Ventures. Sunway is a repeat investor.

Wise AI sells KYC, document OCR and digital identity authentication. The company’s face biometrics algorithm has been tested by NIST,…



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