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    9984   JP3436100006

SOFTBANK GROUP CORP.

(9984)
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Singapore AI Startup Advance Intelligence Raises More Than $400 Million in Latest Round

09/22/2021 | 08:57pm EDT

By Yifan Wang

Singapore artificial-intelligence startup Advance Intelligence Group has raised more than $400 million in its latest funding round, bringing its valuation above $2 billion, it said Thursday.

The series-D investment was led by SoftBank Vision Fund 2 and New York-based private-equity firm Warburg Pincus, the company said.

Founded in 2016, the startup develops AI-powered credit products and services, such as buy-now-pay-later platforms, digital lending and enterprise solutions.

Advance Intelligence, whose operations span 12 markets across Asia and Latin America, plans to use the capital to expand its consumer credit business and digital lending operations in Asia.

Credit Suisse acted as the exclusive placement agent for Advance Intelligence.

Write to Yifan Wang at yifan.wang@wsj.com

(END) Dow Jones Newswires

09-22-21 2257ET

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Analyst Recommendations on SOFTBANK GROUP CORP.
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Financials
Sales 2022 6 040 B 53 106 M 53 106 M
Net income 2022 1 327 B 11 668 M 11 668 M
Net Debt 2022 15 330 B 135 B 135 B
P/E ratio 2022 8,78x
Yield 2022 0,68%
Capitalization 10 760 B 94 196 M 94 602 M
EV / Sales 2022 4,32x
EV / Sales 2023 4,03x
Nbr of Employees 58 786
Free-Float 69,3%
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Mean consensus BUY
Number of Analysts 15
Last Close Price 6 500,00 JPY
Average target price 10 291,33 JPY
Spread / Average Target 58,3%
EPS Revisions
Managers and Directors
Masayoshi Son Chairman & Executive President
Yoshimitsu Goto CFO, Director & Senior Managing Executive Officer
Raul Marcelo Claure Chief Operating Officer & Executive Vice President
Tim Mackey Chief Legal Officer & Group Compliance Officer
Masami Iijima Independent Outside Director
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