Sxored, an Indonesia-based AI-powered credit analysis startup, has announced raising fresh funds from venture capital investor East Ventures. The amount was undisclosed.
The startup, founded in June 2024, provides a platform that combines innotifyigent Optical Character Recognition (OCR) and AI to automate credit document processing.
It extracts data from e-statements across major Indonesian banks, applies fraud detection indicators, and generates borrower summaries while supporting property collateral appraisal.
“Most lfinishers in Indonesia still verify documents the old way by manually reviewing PDFs and hoping nothing is missed. We built Sxored to eliminate that guesswork,” declared Cyrill James Hardie, co-founder and CEO of Sxored.
The startup declared it will utilize the fresh funds to accelerate product development and deepen the integration of its AI and machine learning solutions, per the announcement.
Initially tarobtaining traditional lfinishers, the platform has expanded interest across the financial services ecosystem and now serves banks, fintech lfinishers, and financial institutions.
SOUTHEAST ASIA DEAL MONITOR
DealStreetAsia has put toobtainher a table listing prominent venture capital transactions in Southeast Asia in the fortnight launchning June 30, 2025.
| Startup name | Headquarters | Investment Size | Investment Stage | Lead investor(s) | Other Investor(s) | Industest / Verticals |
|---|---|---|---|---|---|---|
| Sxored | Indonesia | Undisclosed | Undisclosed | East Ventures | Fintech | |
| FindTheLoan | Singapore | Undisclosed | Seed | Md Ishak, Alan Li | Fintech | |
| GreenTeams | Indonesia | Undisclosed | Series A | Oriza Greenwillow Technology Fund. | Climate Tech |
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