Rich Data Co AI Decisioning Platform Secures $17.5M In Series B Led By Westpac And nCino For North America Expansion
Portfolio Pulse from Benzinga Newsdesk
Rich Data Co (RDC), an AI decisioning platform for banks, has raised $17.5 million in a Series B funding round. The round was led by Westpac and nCino, with additional support from BMYG and Octava Fund. The capital will be used for RDC's expansion into North America and to strengthen its position in the global banking sector.
November 30, 2023 | 6:59 am
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nCino, a global leader in cloud banking, has co-led the Series B funding round for Rich Data Co, which raised $17.5 million for North American expansion.
nCino's involvement in the funding round for RDC indicates a strategic investment that could foster collaboration and potentially integrate RDC's AI technology with nCino's cloud banking services. This could lead to product enhancements and an expanded customer base, which is likely to be viewed positively by investors in the short term.
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