Plug and Play Invests in zypl.ai: Empowering Credit Risk Models through AI-Driven Data Analytics in Saudi Arabia
In an effort to advance credit risk models through AI-driven data analytics, Plug and Play has invested in zypl.ai, a startup in the smart financial technology sector. 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.
Plug and Play’s commitment to fostering innovation in financial services is evident through this partnership with zypl.ai, which signifies their dedication to supporting local entrepreneurs and reshaping the innovation landscape in Saudi Arabia. Abdullah Alakeel, Plug and Play’s Regional Director in Saudi Arabia, emphasizes the importance of this investment in empowering local businesses and driving progress in the country.
Azizjon Azimi, CEO and Founder of zypl.ai, is excited about the potential for technology advancements and expansions that will be facilitated with Plug and Play’s support. With a strong presence in Saudi Arabia, zypl.ai aims to revolutionize loan processes globally by leveraging AI-driven data applications and programs like MISK accelerator.
As a global innovation platform headquartered in Silicon Valley, California, Plug and Play supports startups across 50 locations worldwide by providing resources and networking opportunities to drive growth. This partnership underscores their commitment to driving innovation in financial services while facilitating connections that will propel zypl.ai’s growth to new heights.
