Commercial Bank International invests in fintech startup

By Arya M Nair, Official Reporter
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CBI invests in

Commercial Bank International (CBI) has invested in, a fintech startup pioneering the application of generative AI in lending.

The investment includes a post-seed bridge round investment into, alongside a group of global investors, ahead of the company’s planned Series A raise which is due to take place later in 2024.

Having crossed $1 million in annual recurring revenue at more than 20 percent compounded monthly growth rate since the launch of sales, is already operationally break-even.’s flagship software, zypl.score, enables financial institutions to optimize credit decision models across retail and SME portfolios through the generation of synthetic data. Over 35 banks across 12 markets in Eurasia have deployed’s proprietary AI-as-a-service software, underwriting >$100 million of credit portfolio at minimal default rates.

In addition to global expansion with major financial institutions across continents, the startup is eyeing microfinance in Southeast Asia and credit unions in North America in particular, along with a foray into underwriting in the insurance industry.

Ali Sultan Rakkad Al Amri
Ali Sultan Rakkad Al Amri

“Our partnership with, an innovative AI platform, signifies a strategic entry into using AI implementation for advanced credit scoring. By harnessing’s synthetic data AI-powered algorithms, we’re confident we can further enhance our operational efficiencies to ensure a swift and seamless lending experience.”

Al Amri added that, “Our work and investment with aligns well with our commitment to supporting innovation in the UAE and with our strategic ambition to partner with only the most innovative partners in the financial technology space.”

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