Sxored, an Indonesia-based AI-powered credit analysis startup, has announced raising fresh funds from venture capital investor East Ventures. The amount was undisclosed.
The startup, founded in June 2024, provides a platform that combines intelligent Optical Character Recognition (OCR) and AI to automate credit document processing.
It extracts data from e-statements across major Indonesian banks, applies fraud detection indicators, and generates borrower summaries while supporting property collateral appraisal.
“Most lenders in Indonesia still verify documents the old way by manually reviewing PDFs and hoping nothing is missed. We built Sxored to eliminate that guesswork,” said Cyrill James Hardie, co-founder and CEO of Sxored.
The startup said it will use the fresh funds to accelerate product development and deepen the integration of its AI and machine learning solutions, per the announcement.
Initially targeting traditional lenders, the platform has expanded interest across the financial services ecosystem and now serves banks, fintech lenders, and financial institutions.
SOUTHEAST ASIA DEAL MONITOR
DealStreetAsia has put together a table listing prominent venture capital transactions in Southeast Asia in the fortnight beginning June 30, 2025.
| Startup name | Headquarters | Investment Size | Investment Stage | Lead investor(s) | Other Investor(s) | Industry / Verticals |
|---|---|---|---|---|---|---|
| Sxored | Indonesia | Undisclosed | Undisclosed | East Ventures | Fintech | |
| FindTheLoan | Singapore | Undisclosed | Seed | Md Ishak, Alan Li | Fintech | |
| GreenTeams | Indonesia | Undisclosed | Series A | Oriza Greenwillow Technology Fund. | Climate Tech |
