Sydney-based artificial intelligence company MOGOPLUS has secured $1.5 million in funding from existing investor, London venture capital firm New Model Venture Capital Group, to accelerate expansion of its agentic AI solutions beyond financial services.
The startup sought funding to capitalise on explosive growth in the AI agent market, which research firm Markets and Markets projects will expand from US$7.84 billion in 2025 to US$52.62 billion by 2035.
MOGOPLUS specialises in vertical agentic AI solutions for the financial services sector, with particular expertise across the lending and credit lifecycle where its technology automates large portions of traditional workflows.
The company's agentic credit decisioning suite enables banks and credit providers to reduce loan origination costs, and to facilitate faster and more accurate lending decisions.
Current customers include two of Australia's Tier 1 banks, a large Middle Eastern bank, customer owned mutuals, credit unions and numerous digital lending platforms and non-bank lenders.
"As the AI agent market continues to mature and enterprises experience the strategic value of utilising a digital workforce in process heavy and manual workflows, the next wave of innovation will utilise a combination of domain expertise and explainable multi-agent architecture," MOGOPLUS chief executive Mike Page said.
"We're delighted to continue backing Mike and the MOGOPLUS team as they scale their proven agentic AI solutions into new markets," New Model Venture Capital chief executive James King said.
"Their deep expertise in financial data and strong customer traction with major banks positions them perfectly to capitalise on the explosive growth in enterprise AI adoption."
MOGOPLUS has structured plans for a further funding round to accelerate growth as demand for agentic AI solutions continues expanding across multiple industry verticals.
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