Plug and Play has recently invested in zypl.ai, a startup in the smart financial technology sector, with the goal of advancing credit risk models through AI-driven data analytics. zypl.ai’s innovative approach focuses on providing credit scoring for customers in the non-banking and informal sectors in Saudi Arabia by utilizing alternative data analysis techniques.
This partnership signifies Plug and Play’s dedication to fostering innovation in financial services and supporting zypl.ai in its global expansion efforts. Abdullah Alakeel, Plug and Play’s Regional Director in Saudi Arabia, emphasizes the importance of empowering local entrepreneurs and reshaping the innovation landscape in the country.
Azizjon Azimi, CEO and Founder of zypl.ai, is optimistic about the technology advancements and expansions that will be facilitated in Saudi Arabia with the support from Plug and Play. With a strong presence in Saudi Arabia, zypl.ai aims to revolutionize loan processes globally by leveraging AI-driven data applications and the support received from programs like the MISK accelerator.
Plug and Play, headquartered in Silicon Valley, California, is a global innovation platform that supports startups by providing resources and networking opportunities across 50 locations worldwide. This partnership underscores Plug and Play’s commitment to driving innovation in financial services and facilitating connections that will propel zypl.ai’s growth to new heights.