Franklin Templeton joins in Transparently.AI's $3M pre-series A round

Transparently.AI, a Singapore-based firm, secures an undisclosed investment from Franklin Templeton, a global investment company with assets under management totaling approximately $1.4T, as part of its participation in the asset manager’s FinTech Incubator program.

• Strategic Funding: The investment forms a crucial part of a $3M pre-series A funding round, propelling Transparently.AI's valuation to approximately $20M.

• Market Expansion: Transparently.AI, founded by CEO Hamish Macalister and Mauro Sauco, reveals plans to invest in sales and marketing efforts, targeting the establishment of a robust customer base across Singapore, Hong Kong, and Australia.

• Mentorship and Guidance: Participation in the incubator program grants Transparently.AI access to Franklin Templeton’s extensive network of startup professionals, along with access to the program’s offices in Singapore and California, providing invaluable mentorship and guidance.

• AI-powered Solutions: Founded in 2021, Transparently.AI pioneers an AI-based solution designed to scan corporate balance sheets meticulously, identifying potential instances of manipulation and fraud, reinforcing financial transparency and integrity.

Transparently.AI previously secured $1M in seed funding, with Move Asset Management leading the investment round, underscoring investor confidence in the firm's innovative approach to combating financial fraud.