Rich Data Co is now RDC.AI A$37m Series B - Westpac & nCino First US customer: M&T Bank Explainable AI - a reason code for every decision Founded in Sydney, 2016 SOC 2 & ISO 27001 certified Rich Data Co is now RDC.AI A$37m Series B - Westpac & nCino First US customer: M&T Bank Explainable AI - a reason code for every decision Founded in Sydney, 2016 SOC 2 & ISO 27001 certified
Company Profile  /  Fintech  ·  AI  ·  Enterprise SaaS
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RDC.AI

Explainable AI decisioning for the banks that lend to business - built to be fast, transparent, and defensible to a regulator.

Sydney, Australia · Formerly Rich Data Co · Photographed for the record: the company mark that replaced a nine-year-old name.
Founded 2016 ~72 employees Series B B2B / Banking AI
The Story

The case for AI a bank can explain

When a bank declines a loan, someone eventually has to say why. RDC.AI built its entire platform around that sentence.

Founded in Sydney in 2016 as Rich Data Co, RDC.AI makes software that helps banks and commercial lenders decide who to lend to, how much, and when to worry. What sets it apart from the older generation of credit-scoring tools is a design choice that sounds simple and is anything but: every decision the system produces arrives with a reason code - an auditable explanation of what drove the outcome. For a lender that has to answer to fair-lending rules and adverse-action requirements, that is the difference between an AI it can deploy and one that stays in a slide deck.

The company reads a business the way a careful banker would - not just its credit history, but its live cash flow. By ingesting transactional data and alternative feeds such as accounting-software exports, the platform builds a current picture of a firm's health rather than a backward-looking snapshot. Then it keeps watching. Across the life of a loan, RDC.AI monitors borrower behaviour and flags early warning signs of trouble before a default lands on the books.

A$37m
Series B raised
2016
Founded in Sydney
6th
Largest US commercial bank as customer
~72
Employees
Products & Services

One platform, the whole loan life cycle

RDC.AI is a cloud-native platform that covers lending from origination through to monitoring. Around a shared decisioning engine sit prebuilt solutions - data sensors, model templates, strategy templates and dashboards - meant to shorten the road from idea to production.

Risk detection

Early Warnings

Continuously monitors borrower health and flags signs of default before they materialise.

Workflow

Automated Reviews

Streamlines periodic credit reviews with automated, data-driven assessment.

Growth

Leads & Limits

Surfaces opportunities and sets or adjusts credit limits using predictive analytics.

Product

Merchant Lending

Specialised decisioning for merchant and cash-flow-based finance.

Scoring

Risk Rating

Borrower evaluation and risk scoring built on transaction and alternative data.

Portfolio

Portfolio Insights

Aggregate performance analytics and risk monitoring across the book.

"Our new name, RDC.AI, encapsulates the core of our business and future direction."
Ada Guan - Co-founder & CEO, on the 2025 rebrand
How It's Different

Glass-box, not black-box

The platform builds explanations using the Shapley value framework - a method from cooperative game theory that fairly attributes an outcome to each contributing factor. In practice, that means a bank can trace a decision back to the data that drove it, satisfy fair-lending obligations, and explain an adverse decision to a customer.

RDC.AI leaned into the unglamorous requirements of selling to banks: it is ISO/IEC 27001:2022 certified and holds SOC 1 (Type 2) and SOC 2 (Type 2) attestations. Its Solution Factory lets teams build models with full versioning and Self-Describing Decisions - compliance treated as a feature rather than a footnote.

Explainability
Cash-flow view
Continuous monitoring
Compliance posture

Illustrative emphasis of RDC.AI's design priorities - not a benchmark.

Customers & Business Model

Who runs it - and how it sells

RDC.AI sells B2B, licensing its platform to banks and commercial lenders as decisioning-as-a-service, and distributing in part through reseller partners such as NASDAQ-listed banking-software provider nCino. Named customers and partners include M&T Bank in the United States, Westpac in Australia and BNZ in New Zealand.

The M&T deal is a telling one: signed in 2024 via nCino, it put RDC.AI's explainable AI inside the sixth-largest commercial bank in North America - a beachhead that arguably validated the product as much as any funding round. Westpac's role is doubly instructive; the bank is both a strategic investor and a customer.

Customer

M&T Bank

First US customer (2024), reached via nCino - cash-flow analysis, credit risk and portfolio management.

Investor + Customer

Westpac

Led the Series B and runs the platform - an investor that is also a user.

Partner

nCino & AWS

nCino resells the platform to banks; AWS provides the cloud foundation.

Funding

Building the Series B

Nov 2023 - Initial
A$28m · Westpac, nCino
Aug 2024 - Extension
A$9m · Acorn Capital
Series B total
A$37m

Bar widths scaled to the A$37m total. Capital earmarked to accelerate North American expansion.

Timeline

Nine years, one thesis

Leadership & Expertise

The people behind the platform

RDC.AI was co-founded by Ada Guan, Charles Guan and Gordon Campbell. CEO Ada Guan brings more than two decades across financial services, software and retail, and led a Global Client Advisor team at Oracle before starting the company. Charles Guan serves as CTO. The company frames its culture around "diversity of thought" paired with "unity of purpose," with a stated social-impact aim of widening access to credit.

CEO & Co-founder

Ada Guan

20+ years in financial services and enterprise software; ex-Oracle Global Client Advisor lead.

CTO & Co-founder

Charles Guan

Leads the technology and the explainable-AI architecture behind the platform.

Co-founder

Gordon Campbell

Part of the founding team that set out to bring transparency to credit decisioning.

FAQ

Quick answers

What does RDC.AI do?

It provides an explainable AI decisioning platform that helps banks and commercial lenders originate, assess, monitor and manage business loans using transaction and alternative data - with a reason code behind every decision.

Was RDC.AI previously called something else?

Yes. It was founded in 2016 as Rich Data Co (RDC) and rebranded to RDC.AI in May 2025.

Who founded RDC.AI and where is it based?

Co-founded by Ada Guan (CEO), Charles Guan (CTO) and Gordon Campbell, and headquartered in Sydney, Australia.

How much has RDC.AI raised?

A A$37m Series B - an initial A$28m from Westpac and nCino plus a A$9m extension from Acorn Capital.

Who are its customers?

Banks and commercial lenders, including M&T Bank (US), Westpac (Australia) and BNZ (New Zealand), often reached through reseller partner nCino.

Connect

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