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. 56 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