Daily Markup

Daily Markup #937: CrediLinq opens up to US$2M in growth capital for Amazon entrepreneurs; Seventh Sense gets ahead of spoofers with deeptech AI

March 1, 2024 · 2 min read
Photo credit: CrediLinq

Empowering entrepreneurs

  • Millions of Amazon entrepreneurs now have simple and easy access to growth capital thanks to a partnership between 500-backed fintech company CrediLinq.Ai and Amazon Seller Central.
  • ‘CrediLinq inside’ allows Amazon Sellers to apply for credit and receive approval in a single click by joining the CrediLinq AI app — income documents like bank statements or financials not required.
  • Sellers can access up to US$2M in growth capital to supercharge their business and arrange a repayment schedule that best suits them. The CrediLinq team has supported 55 merchant stores and is looking forward to supporting thousands more.
  • CrediLinq AI founder & Group CEO Deep Singh shared, “Our unique CrediLinq AI app, embedded within the Amazon platform, makes growth capital just one click away. We’re proud to support the success of Amazon Sellers around the world.”
Photo credit: Identity Week

Outsmarting spoofers

  • Facial recognition has been around since the 60s, undoubtedly to get ahead of fraudsters and spoofers. How has today’s technology advanced since?
  • 500-backed deeptech company Seventh Sense has taken facial recognition and turned it into an encryption technology. This means faces can be used to encrypt documents, log onto websites and sign documents while being biometrically verifiable.
  • Liveness, their face anti-spoofing solution, detects spoofing from a single frame from printed or on-screen faces. The team also combined biometrics with encryption, this means a person needs to be verified using a biometric-based two-factor authentication and facial recognition.
  • Learn more from Co-founder & CTO Varun Chatterji in this interview.

Other stories you may have missed:

  • Prefer lands US$2M Seed to serve sustainable, bean-free coffee made from upcycled food
  • Gilmour Space lands US$36M Series D to launch Australia’s first orbital rocket and create more local jobs
  • Vircle partners PolicyStreet to provide financial security for children and peace of mind for parents
  • Learning Loop appointed their first angel investor as Co-founder & CTO
  • EST N8, a joint venture launched in Cannes by EST Studios and Bangkok’s N8 acquired worldwide sales rights to Japanese thriller Afterglows
  • Food Market Hub took first place at an in-person pitching competition organized by the Asean-Korea Centre
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