Southeast Asia's first AI-native due diligence platform, combining graph-based fraud detection with boots-on-the-ground regional analysts — delivering investment-grade verification in 5–10 days.
The 2023–2024 collapse of eFishery — an Indonesian startup that defrauded investors of USD 1.4 billion — exposed a failure that affects every participant in the region's capital markets.
eFishery passed every automated check available to its investors. Circular shareholding, nominee director layering, and synthetic revenue flows are graph-level phenomena — invisible to any system that models entities without modelling the connections between them.
GroundState is a Due Diligence-as-a-Service platform built specifically for Southeast Asia — combining proprietary AI with experienced, on-the-ground regional analysts.
Our Heterogeneous Graph Neural Network fuses ownership and transaction graphs to detect circular shareholding, nominee layering, and synthetic revenue flows that text-based tools miss entirely.
Federated GNN architecture trains on jurisdiction-partitioned data — raw records never leave their country, keeping us fully compliant with Vietnam's Cybersecurity Law and Indonesia's PDPA.
A domain-adapted language model fine-tuned on proprietary SEA regulatory corpora — achieving >85% entity extraction accuracy versus the <60% of generic multilingual models.
AI flags the risks. Our regional analysts conduct physical site visits, borrower interviews, and document reviews — providing the irreplaceable human judgment that no algorithm can replicate.
From request to investment-grade report in days, not months.
Share the entity details and your investment thesis. We scope the engagement and confirm pricing within 24 hours.
Our platform pulls and normalises data from 5 regional registries, enrichment providers, and adverse media sources.
The HGNN analyses ownership and transaction networks, surfacing relational fraud patterns with confidence scores.
Regional analysts conduct targeted physical checks on AI-flagged risk nodes — interviews, site visits, document review.
You receive a structured, auditable report with findings, confidence levels, and a clear risk assessment.
From rapid AI-assisted pre-screening to full forensic engagement — at a fraction of Big Four cost.
First two engagements available at 30% discount for anchor clients. Contact us to discuss →
Four original technical components addressing structural failures that existing tools cannot solve.
Uncovers fraud patterns that are invisible to conventional screening tools — including circular ownership structures, disguised beneficial control, and fabricated revenue flows engineered through connected entities. Where standard checks examine companies in isolation, GroundState analyses the web of relationships between them, surfacing what individual entity lookups cannot.
Fraud DetectionOperates in full compliance with the data localisation laws of Vietnam, Indonesia, Malaysia, and the Philippines — without sacrificing the regional intelligence that makes verification meaningful. Sensitive records are never transmitted across borders, yet the platform builds a continuously improving picture of fraud patterns across the entire region.
Regulatory ComplianceAccurately reads and extracts ownership, control, and entity information from Southeast Asian legal and regulatory documents — across five jurisdictions and multiple languages. Generic AI tools fail at this because they were never built for the region's unique regulatory vocabulary and legal frameworks. GroundState was.
Legal Document AnalysisProduces a single, confidence-scored ownership timeline even when government registries disagree — as they routinely do across Southeast Asia. When a tax authority and a business registry record conflicting ownership change dates, GroundState surfaces the most probable truth alongside a clear, auditable record of exactly what each source shows.
Multi-Registry ReconciliationGroundState is not a competing due diligence vendor — it's an enabling corporate intelligence infrastructure layer for Southeast Asia's capital markets.
| Provider | Structural Limitation | GroundState Advantage |
|---|---|---|
| Big Four Firms | USD 50K–500K per engagement; 4–8 weeks; no AI efficiency gains; no systematic learning | AI + boots-on-ground hybrid at USD 1,500–30,000; 5–10 days; every engagement improves the model |
| AI Background Checkers | No physical verification; rules-based; fails on SEA relational fraud patterns | HGNN detects circular ownership, nominee layering, and circular invoicing — graph-level fraud invisible to text-only tools |
| Centralised Data Platforms (Refinitiv, LexisNexis) | Depend on centralised aggregation — legally impermissible in Vietnam and Indonesia | Federated GNN enables cross-border learning without raw data leaving any jurisdiction |
Gukom Pte. Ltd. is a Singapore-based technology company building AI-powered due diligence infrastructure for Southeast Asian capital markets, private credit, and MSME lending.
All core IP — model weights, training pipelines, fraud-pattern datasets — is developed, owned, and domiciled in Singapore, reinforcing the city-state's role as ASEAN's trusted financial gateway.
Engaging with AISG co-innovation programmes, the MAS Fintech Innovation Lab (FSTI scheme), and Enterprise Singapore's Global Innovation Alliance.
Over 20 years across global investment banks and Southeast Asian fintech platforms — FX/rates sales at DBS, BNP Paribas, and Barclays Capital; debt capital markets at Deutsche Bank (second-highest global individual contributor, 2007/2008), Nomura, and Goldman Sachs (Executive Director, Southeast Asian institutional clients).
Co-founded Investree — Indonesia's largest SME productive loan originator — backed by SBI Holdings, MUFG Innovation Partners, and BRI Ventures. Investree was subsequently a direct victim of undetected borrower misconduct: the empirical foundation of GroundState's problem definition.
We're currently onboarding anchor clients in Singapore and Vietnam at a 30% introductory discount. Reach out to discuss your due diligence needs.
Singapore (UEN: Gukom Pte. Ltd.)
Singapore · Vietnam · Malaysia · Philippines · Indonesia
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