Credit Scoring Startup zypl.ai Raises $5.5M Led by Carbide Ventures

zypl.ai, a UAE-based credit scoring startup, has raised $5.5 million in a bridge funding round led by Carbide Ventures, valuing the company at $80 million. Founded in 2021, zypl.ai develops credit scoring technology for financial institutions, focusing on AI-driven risk assessment tools.

At the core of its offering is a proprietary generative AI model, zGAN, which is integrated into its no-code platform, Lucid. The system is designed to allow financial institutions to deploy and manage credit scoring models without requiring programming expertise.

The company stated that its platform is currently used by more than 60 financial institutions across 20 global markets, reflecting its expansion beyond the UAE into international financial ecosystems.

The funding is expected to support further development of its AI models and expansion of its client base.