Rich Data Co (RDC), an AI decisioning platform provider for lenders, has secured $9 million from Acorn Capital, completing a $37 million Series B funding round.
The investment will accelerate RDC's expansion into North America and strengthen its position in the global banking sector.
RDC recently signed its first US customer, M&T Bank Corporation, and has been expanding its North American operations over the past two years.
The funding will support RDC's growth, innovation efforts, and delivery of advanced AI solutions to financial institutions, enhancing risk management, lending strategies, and regulatory compliance.