Exclusive-Singapore's ADVANCE.AI raising $200 million from Warburg Pincus-led investors - sources

FILE PHOTO: A Singapore dollar note is seen in this illustration photo May 31, 2017. REUTERS/Thomas White/Illustration

SINGAPORE (Reuters) - Singapore-headquartered tech startup ADVANCE.AI is raising about $200 million in a funding round that will propel it into a small group of Southeast Asia unicorns - unlisted companies valued at $1 billion or more, two sources familiar with the matter said.

ADVANCE.AI, which uses artificial intelligence-driven technology to offer digital identity verification, fraud detection and credit scoring services, has secured Warburg Pincus as the lead investor in the funding, the sources said.