MioTech, an alternative data and insights platform, has received a minority investment from Moody’s Corporation, a global risk assessment firm.
The FinTech platform leverages AI technology to track and scan alternative data sources related to environmental, social, and governance (ESG) and know your customer (KYC), supply chain and financial information in China. It scans data from more than 800,000 public and private companies in the country.
Its analytics tools are designed to transform unstructured datasets into insights for portfolio managers, research analysts, and risk managers to help them improve their decision making and investing into a sustainable future.
Moody’s managing director and head of international Min Ye said, “MioTech’s leading technology platform collates and analyses an impressive range of company, industry, ESG, and KYC data from a variety of public sources to provide relevant information to customers.
“Our partnership will provide valuable data, analytics, and insights to China’s domestic risk and investment markets.”
This investment is an extension of Moody’s efforts to support China’s evolving financial markets with ESG and KYC solutions, it said.
Earlier in the year, the FinTech closed its Series A+ round after receiving investments from Horizons Ventures and others.
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