30 Fastest Growing Companies in Asia 2019 30 Fastest Growing Companies in Asia 2019 | Page 56
ADVANCE. AI: ADVANCE WITH INTELLIGENCE
FOR A BETTER LIFE
Jefferson Chen; A Charismatic Leader
Jefferson Chen is the CEO of ADVANCE.AI, and also a
Partner at GSR Ventures, a leading venture capital firm in China
who was the first investor in “unicorn” internet companies
including Didi, Qunar, OFO, FunPlus, Inke, and others. Prior to
starting ADVANCE.AI, Chen was head of private investing for
Greater China at Farallon Capital (a leading alternative asset
management firm with AUM of over US$20 billion) where
he led investments into Huarong AMC, Cinda AMC, Didi, ND
Micro Credit, and others. Chen previously also worked at
Goldman Sachs where he was involved in the IPO and M&A
transactions for numerous Asian companies including Bank of
China, ICBC, CIMB, BankThai, Baidu, New Oriental, and others.
Chen received a Bachelor’s degree in Computer Science from
Tsinghua University and an MBA from Stanford University.
Jefferson Chen, CEO
A
DVANCE.AI is a data-
driven financial technology
company. In their quest to
build a better financial world, one
of our key goals is to revolutionize
the credit system by creating a more
holistic, accurate, and democratic
alternative to existing credit scoring
methods.
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It is built and backed by experienced
and successful entrepreneurs and
investors in Singapore, China, and
US who are from top-tier schools
like Stanford, CMU, UIUC, Tsinghua,
Fudan, SJTU, NUS, and NTU with
rich industrial experiences from
Goldman Sachs, Farallon Capital,
DECEMBER 2019
Two Sigma, Amazon, Accenture,
Tencent, Baidu, and HSBC.
Combining the industry-recognized
domain knowledge in big data,
artificial intelligence and credit
scoring, ADVANCE.AI brings the
next-generation data-centric
platforms to transform traditional
and emerging industries across the
Asia Pacific.
PRODUCTS:
ADVANCE GUARDIAN
Guardian provides anti-fraud
detection services to be used
when a loan applicant submits an
application. The trifecta of identity
verification, employment data
validation, and credit history are
used to detect mismatches in the
applicant’s data, thus lowering the
fraudulent application rate.
ADVANCE BOOSTER
Booster is the Data and AI
Consultancy service provided by
ADVANCE, targeted at multi-finance
companies, governmental clientele,
and telecommunication companies.
ADVANCE’s data scientists will
personally work with the client to
identify areas of potential growth.
Together with the client’s data