AND Global Raises $21.4M in Series B to Accelerate AND Solutions’ Fintech Platforms Across Asia

The Series B round led by IFC will allow the global fintech to enhance solutions and improve access to financial services to the unbanked and underbanked across APAC

This investment will enable AND Solutions Pte. Ltd., the Singapore-based fintech subsidiary of AND Global, to further enhance its product suite. With these products, AND Solutions empowers financial institutions across Asia to launch new products faster, automate complex workflows, and expand financial access for small businesses and underserved communities.

Enabling Smarter Digital Transformation

Founded in 2017 as part of AND Global’s mission to promote financial inclusion, AND Solutions has grown into a trusted technology partner for banks, NBFIs, and enterprises across Southeast Asia. The Series B funding will accelerate the company’s ability to deliver AI-powered fintech solutions that address critical pain points—ranging from loan origination and underwriting to document automation and alternative credit scoring.

According to research by the World Bank, 1.4 billion adults worldwide still lack access to financial accounts. GSMA estimates that 345 million of the 400 million micro-enterprises in emerging markets remain informal. By expanding its product capabilities, AND Solutions aims to bridge these gaps, enabling financial institutions to serve MSMEs and unbanked populations more effectively.

Leadership Perspective

“Our journey from Mongolia to the rest of Asia has been nothing short of incredible. This milestone reflects our team’s hard work and passion to make finance more inclusive. With IFC and AEON by our side, we’re more ready than ever to scale our impact,” said Khos-Erdene Baatarkhuu, CEO of AND Global.

Matthieu Le Blan, IFC’s Resident Representative for Mongolia, added: “Mongolia, as the most sparsely populated country, can greatly benefit from digital solutions to expand access to finance and services. By promoting tech entrepreneurship and the digitalization of key services, IFC supports job creation, particularly among women and youth. Our partnership with AND Global is an important part of these efforts.”

About AND Solutions

AND Solutions Pte. Ltd. is the Singapore-based subsidiary of AND Global that develops AI-powered fintech platforms designed to help financial institutions digitize faster and smarter. Its modular product suite includes Looms (loan origination and management system), Mindox (intelligent document processing), Niko (AutoML), and advanced credit scoring solutions. Operating across 11 countries, AND Solutions supports banks, NBFIs, and enterprises with scalable, future-ready technology.

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