zypl.ai, an innovative artificial intelligence company specializing in synthetic data for decision-making in financial services, yesterday announced a significant investment of $2 million, bringing its valuation to $80 million. The investment was made by Khofiz Shakhidi, a prominent investor in financial services, marking a major milestone in zypl’s growth and expanding global footprint.
Mr. Shakhidi, a major shareholder in Alif Capital Holdings, a leading fintech firm with operations in Uzbekistan, Tajikistan, and Pakistan, is a Monaco-based entrepreneur with a strong background in venture capital, private investment, and financial services. He is a director of Jefferson Capital Ltd. and began his professional career in London’s banking sector. In 2000, he joined Crédit Agricole Indosuez, and in 2002, he became a director of BSI Bank. He held executive positions at several financial institutions prior to setting up a private investment portfolio.
The strategic investment highlights the growing recognition of zypl.ai as a leader in the generative AI space, particularly in synthetic data, financial modeling, and AI decision-making. Mr. Shakhidi expressed confidence in zypl’s potential, stating, "We are proud to support zypl’s rapid growth as a category-defining company applying synthetic data for financial AI modeling. We believe in the multitude of synergies between zypl’s proprietary AI stack and Alif’s global growth as a challenger digital bank across markets."
zypl.ai has developed zGAN, an advanced generative AI model designed to optimize performance by generating outlier synthetic data, which is crucial for AI applications in volatile macroeconomic environments. The zGAN model is integrated into Lucid, zypl's no-code AI platform that enables financial institutions to autonomously build and deploy AI models for credit scoring, fraud detection, collections, marketing, and other financial services.
Launched at Stanford University, zypl.ai now serves over 60 financial institutions across 20 markets globally. The company’s investors include Prosus Ventures, Carbide Ventures, and Plug & Play, underscoring its potential to disrupt the financial services sector with its cutting-edge AI technology.
