Plug and Play, a leading innovation catalyst based in Silicon Valley, California, has invested in zypl.ai, a rising star in the world of smart financial technology. The goal of this partnership is to revolutionize credit risk models through the use of AI-driven data analytics. zypl.ai’s innovative approach allows for credit scoring of non-banking and informal sector customers in Saudi Arabia by utilizing alternative data analysis techniques.
This collaboration between Plug and Play and zypl.ai demonstrates the commitment to fostering innovation in the financial services industry. It also marks a significant step towards zypl.ai’s global expansion and growth. Abdullah Alakeel, Plug and Play’s Regional Director in Saudi Arabia, sees this partnership as a way to empower local entrepreneurs and reshape the innovation landscape in the country.
Azizjon Azimi, CEO and Founder of zypl.ai, envisions rapid technological advancements and company expansions in Saudi Arabia with the support of Plug and Play. With a strong presence in Saudi Arabia, zypl.ai aims to transform loan processes worldwide through its AI-driven data application, leveraging programs like the MISK accelerator for further growth opportunities.
As an innovation catalyst, Plug and Play plays a key role in driving technological progress globally with its network of resources and opportunities in 50 locations worldwide. The partnership with zypl.ai underscores Plug and Play’s dedication to fostering connections and driving innovation in financial services, helping zypl.ai achieve unprecedented levels of growth and success
