Aaand Sxore(d)! They’re a Indonesia-based startup that focuses on intelligent document extraction and AI-powered credit document analysis. Now, they have just raised fresh funding!

Investor check. East Ventures funded the round. 

• Hush-hush. The amount raised was not disclosed. 

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🔢 Automate it

Founded in 2024, Sxored combines intelligent optical character recognition and an AI-powered copilot to automate and enhance credit document processing. 

Scored’s AI copilot generates concise borrower summaries and supports property collateral appraisal.

Why that matters. Most banks still verify documents the old way by manually reviewing PDFs.

• That makes it harder to detect fraud and risk more accurately. 

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✍🏽 What’s next? 

They’ll accelerate their product development and deepen the integration of their AI and machine learning models. 

• They’ll develop capabilities to process templateless document formats, expand the platform to support simulated financial reporting and broader data capture, and scale their service to support more clients and use cases.

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Correction: An earlier version of the article specified that Sxored is based in Malaysia. This has been corrected to Indonesia. We sincerely apologize for the error.