MOGOPLUS Secures $1.5M Funding to Expand Agentic AI in Finance
Sydney AI firm MOGOPLUS raises AU$1.5m from New Model Venture Capital to scale agentic AI solutions in lending and open data markets globally.
Sydney-based MOGOPLUS, a provider of AI and data insights, has secured AU$1.5 million in funding from London-based New Model Venture Capital Group. The investment will fuel the expansion of its AI-driven credit insights portfolio and entry into emerging open data markets worldwide.
Key Highlights:
- Specialization: MOGOPLUS offers agentic AI solutions for financial services, particularly in lending and credit lifecycle automation. Its technology helps banks and credit providers reduce loan origination costs and improve decision-making speed and accuracy.
- Customer Base: The company serves two of Australia’s Tier 1 banks, a major Middle Eastern bank, mutuals, credit unions, and digital lending platforms.
- Growth Plans: The funding will support commercial expansion and development of AI solutions beyond banking, including telecommunications, insurance, wealth management, and loyalty programs.
- CEO Insight: Mike Page, CEO of MOGOPLUS, emphasized the company’s decade-long expertise in financial data and its readiness to capitalize on the growing demand for explainable multi-agent AI systems.
- Investor Perspective: James King, CEO of New Model Venture Capital, highlighted MOGOPLUS’s strong traction with major banks and its potential to lead in the enterprise AI adoption wave.
Market Outlook:
The AI agent market is projected to grow from $7.84 billion in 2025 to $52.62 billion by 2035, driven by sector-specific adoption in finance, healthcare, and retail. Vendors with domain expertise, like MOGOPLUS, are well-positioned to gain a competitive edge.
For more details, read the original article here.
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Dr. Emily Wang
AI Product Strategy Expert
Former Google AI Product Manager with 10 years of experience in AI product development and strategy formulation. Led multiple successful AI products from 0 to 1 development process, now provides product strategy consulting for AI startups while writing AI product analysis articles for various tech media outlets.