# SoyakaAI

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/soyakaai

- Industry: Consumer Products
- Headquarters: Singapore, Singapore
- Website: www.soyakaai.com
- Total disclosed funding: $7.6M
- Latest round: Series A (Nov 18, 2022)
- Investors on record: 7

## About

SoyakaAI develops advanced artificial intelligence infrastructure tailored for regulated sectors like finance and insurance, providing clients with real-time risk assessments and compliance tools for enhanced decision-making.Founded in 2018 and headquartered in Singapore, SoyakaAI specializes in artificial intelligence solutions for credit and insurance systems. The company has successfully raised USD 7.62 mn in Series A funding on November 18, 2022, bringing their total funding to USD 7.62 mn with a current valuation of USD 20.22 mn. The founder, Vyani M, has previously been involved in other ventures, though specific details are not provided. SoyakaAI has completed two deals to date.SoyakaAI specializes in artificial intelligence infrastructure designed for regulated systems, particularly within credit and insurance sectors. Their primary offerings include real-time scoring engines that provide comprehensive risk assessments adaptable to various use cases such as credit risk scoring and insurance risk models. Additionally, the company features a compliance layer with SAMA-aligned scoring logic, audit-ready scorecards, and explainable AI models. The platform integrates seamlessly into existing workflows through APIs and dashboards, enhancing decision-making processes for clients including fintech lenders and institutional non-banking financial companies (NBFCs). SoyakaAI's solutions are actively deployed in markets such as Saudi Arabia and Indonesia, where they cater to a diverse client base, including entities focused on empowering female small and medium enterprises (SMEs).SoyakaAI’s revenue model is structured around partnerships and subscription services, allowing clients to access a suite of tools necessary for effective risk management and scoring. Clients engage with the company through tailored service agreements that may include access to flagship products such as the No-Code Scorecard Builder and dynamic model testing capabilities. These services are designed for institutional and fintech clients, facilitating transactions that are both B2B and focused on embedded finance solutions. The company's offerings support regulatory compliance and operational efficiency for their clients, enhancing their service delivery in the finance and insurance sectors. As of 2020, SoyakaAI reported an EBITDA of USD -691,089.7.With the recent Series A funding of USD 7.62 mn raised in November 2022, SoyakaAI plans to expand its product offerings and enhance its artificial intelligence infrastructure. The company aims to develop new features and tools aimed at expanding its reach into new markets, particularly in the Middle East and Southeast Asia, by the end of 2023. The funding will be utilized to support these initiatives and bolster the technological capabilities necessary for entering these markets.

## Funding rounds

- Series A, Nov 18, 2022, $7.6M — Partech Partners, SGInnovate, Teja Ventures, AC Ventures, Sprout Invest
- Seed, Jul 1, 2019 — Convergence Ventures, Gobi Partners, SGInnovate

## Investors

- Convergence Ventures — Seed
- Gobi Partners (https://capitalatlas.ai/funds/gobi-partners) — Seed
- SGInnovate (https://capitalatlas.ai/funds/sginnovate) — Seed, Series A
- Partech Partners (https://capitalatlas.ai/funds/partech-partners) — Series A
- Teja Ventures (https://capitalatlas.ai/funds/teja-ventures) — Series A
- AC Ventures — Series A
- Sprout Invest — Series A