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As part of the collaboration, HSBC plans to develop more than 200 AI use cases over the next two years.
The loan was raised from a syndication of banks from Taiwan, Japan, Singapore, Sri Lanka, the UAE, and India.
The Series B round was led by Creaegis, with participation from HSBC, SBI Investment, GMO Venture Partners, DG Daiwa Ventures, and existing investors. This also includes a $200 million warehouse line (debt).
Leap Finance will use the funds to expand its presence across US, expand university partnerships, and strengthen its presence in India.
GuarantCo, funded by governments of the UK, Switzerland, Australia, and Sweden, provided two partial guarantees to HSBC India for the loan given to Arya.ag.
