zypl.ai, a startup in the smart financial technology sector, has received an investment from Plug and Play, a global innovation platform based in Silicon Valley, California. Plug and Play’s dedication to fostering innovation in financial services and supporting zypl.ai’s global expansion efforts is evident through this partnership.
zypl.ai’s innovative approach focuses on providing credit scoring for customers in the non-banking and informal sectors in Saudi Arabia by utilizing alternative data analysis techniques. This is significant as it empowers local entrepreneurs and reshapes the innovation landscape in the country. Azizjon Azimi, CEO and Founder of zypl.ai, is optimistic about the technology advancements and expansions that will be facilitated in Saudi Arabia with the support from Plug and Play.
Plug and Play has a strong presence in Saudi Arabia and aims to revolutionize loan processes globally by leveraging AI-driven data applications and the support received from programs like the MISK accelerator. With this investment, zypl.ai plans to expand its operations beyond Saudi Arabia and continue to drive innovation in financial services worldwide.
This partnership underscores Plug and Play’s commitment to driving innovation in financial services and facilitating connections that will propel zypl.ai’s growth to new heights.