Fraud and manipulation of their numbers see companies lose USD1 trillion+ per year for their stakeholders. Transparently.AI has developed an AI system that determines: 1. The likelihood that a company is committing fraud/serious manipulation of their books; 2. Whether it is serious enough to result in total corporate failure; 3. Estimated $ losses to stakeholders; 4. How that manipulation/fraud evolves through time; and 5. Detailed analytics on the forms of manipulation/fraud (e.g. which parts of the accounts, what tricks of the trade, questions for analysts to ask management, where/how to investigate further, etc.). This is effectively automating the analysis of forensic accountants, activist short sellers, credit analysts, etc to do work that would typically take weeks per company, and instead run it in seconds and for thousands of companies simultaneously. Critically, this solution frequently alerts users to the presence of serious manipulation risk up to 2-3 years in advance of the wider market and short sellers becoming aware of problems.
Location: Singapore
Employees: 11-50
Founded date: 2021
Investors 1
| Date | Name | Website |
| - | Plug and P... | plugandpla... |
Mentions in press and media 4
| Date | Title | Description |
| 22.02.2024 | Deals in brief: Novosol, Tsubame BHB, and InnoCSR secure funding, Franklin Templeton leads investment in Blockhead, nine China and India deals, and more | Novosol bolsters expansion plans with Series B funding Novosol, a Singapore-based mobile advertising platform, has closed its Series B funding round at USD 10 million, securing investments from family offices in Singapore and the UK. Accord... |
| 21.02.2024 | Deals in brief: UnoAsia banks USD 32.1 million, Franklin Templeton backs Singapore-based Transparently.AI, nine China and India deals, and more | UnoAsia banks USD 32.1 million in pre-Series B round UnoAsia, the parent company of Uno Digital Bank in the Philippines, has raised USD 32.1 million in a pre-Series B round, according to Tech in Asia. The round saw participation from Gatewa... |
| 19.02.2024 | SG regtech firm bags Franklin Templeton investment (Update) | Artificial IntelligenceNews Lokesh Choudhary · 20 Feb 2024 · 2 min readSG regtech firm bags Franklin Templeton investment (Update) Photo Credit: Shutterstock In the fast-paced world of finance, where numbers hold the key to success, Singapo... |
| - | Transparently.AI | “Identify corporate accounting manipulation years ahead of the market - and within a few seconds - with Transparently’s AI software.” |