zypl.ai, a startup in the smart financial technology sector, has received an investment from Plug and Play, a global innovation platform headquartered in Silicon Valley, California. This partnership signifies Plug and Play’s dedication to fostering innovation in financial services and supporting zypl.ai in its global expansion efforts.
The startup’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. Azizjon Azimi, CEO and Founder of zypl.ai, is optimistic about the technology advancements and expansions that will be facilitated with the support from Plug and Play.
Plug and Play’s commitment to driving innovation in financial services is evident through its presence in Saudi Arabia, where it aims to reshape the innovation landscape by empowering local entrepreneurs. Abdullah Alakeel, Plug and Play’s Regional Director in Saudi Arabia, emphasizes this importance of this initiative. With a strong presence in Saudi Arabia, zypl.ai aims to revolutionize loan processes globally by leveraging AI-driven data applications and the support received from programs like the MISK accelerator.
