Sxored raises funding from East Ventures to enhance its AI-driven credit analysis platform in Indonesia.

Sxored, a Jakarta-based credit tech startup, has secured undisclosed funding from East Ventures to advance product development. The funding aims to scale its innovative credit analysis platform that utilizes artificial intelligence and OCR technology. Sxored integrates various functionalities to streamline credit document verification for financial institutions. The startup is currently collaborating with ten financial institutions on pilot programs.