Alternative investment platform Percent launches new private debt offering for software company Taiger

Taiger, a Singapore-based software company, is increasing corporate debt with a new offering. The proposed financing is guaranteed by an alternative investor Percent. Taiger – in business since 2016 and funded by venture capital – is developing state-of-the-art “AI-based document processing software”.

In the words of the company’s website, Taiger’s products make work easier “by automating complex cognitive tasks by building your own cognitive models in our no-code AI platform to understand any type of document, classifying or extracting precisely in a structured way the information you need.

This global natural language processing (NLP) market is expected to reach $42 billion over the next four years. That would be an increase from $13 billion in 2020 with “an expected compound annual growth rate of 21.5%,” as forecast by Percentage.

According to Pitchbook, Taiger’s products are “intended to provide information access and retrieval services for the finance, insurance and government industries.”

Taiger hopes to raise up to $5 million at an annual percentage return of 15% to 17% through the Percent platform, where accredited investors can fund the loan with a minimum investment of $500. Percent, the software company raised more than $20 million in Series B equity funding three years ago.

The offering is designed to provide investors with exposure to the growth seen in the software and NLP solutions industry that Taiger represents.

The company’s venture capital investors include Intelak Hub, ICT Fund, Investment Partners of McMinnville, ITEA 3 and Mastercard Start Path Accelerator, among others.

Taiger has received numerous awards in its field, including “IDC Innovator” in 2019, Efma-Accenture Banking Innovation Award in 2019 and Gartner Cool Vendor in 2017.

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