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Taiwanese startup WritePath’s AI tech speeds up financial disclosure translation • TechCrunch


In countries where English is not the primary language, listed companies must not only deal with financial disclosure regulations but also ensure their investor documentation is in English. for global supporters. WritePath makes the process faster and scalable by combining its AI technology with interpreters. The Taipei-based startup’s customers include Foxconn, ASUS, China Airline, the Taiwan Stock Exchange, and Taiwan Mobile.

WritePath announced that it has raised $340,000 in pre-Series A funding, led by the CEO of Quantum International Corp. Alex Lee takes the lead. The round also featured angel investors like jobstreet.com founder Mark Chang. WritePath’s previous investors include byUDN.com, a subsidiary of United Daily, one of the largest media organizations in Taiwan, and Singapore-based translation agency Elite Asia.

TechCrunch WritePath first covered in 2014 as it is an essay editing service for college applicants, technical writers and academic researchers. Founder and CEO Charles Chen said the company decided to shift focus because editing essays is laborious and difficult to scale because the company has to acquire new customers every year. Originally, WritePath offered B2C translation services, before their team noticed that governments in Asia were implementing more English-language disclosure policies, including for listed companies. .

The company’s platform combines technology like Warren, the company’s in-house machine translation tool, with translators. Warren has been trained on the linguistic pool of several million Chinese-to-English sentences gathered from financial, annual, and ESG reports.

WritePath's Team

WritePath’s Team

One of the reasons for the new disclosure policies is investor activity and adoption Markets in Financial Instruments Directive (MiFID II) in the European Union. MiFID II is a regulatory framework that calls for more transparency from companies, including regulatory reporting, to protect investors. Its trading rules include requiring brokers to charge research fees separately from trading fees. Many funds began to seek information from the IR and ESG departments of listed companiesrather than relying on equity research reports.

“However, the result is that SMEs can be easily overlooked,” said Chen. “So having their information presented in a professional manner in English helps motivate them and ensures they don’t get caught by investors.” He added that many companies in the Asian market, including Taiwan, China, South Korea and Southeast Asian countries, will start publishing information in English as the capital market matures and develops.

Before switching to WritePath, many of their clients used traditional translation companies or translation services provided by Big 4 accounting firms to generate reports in English. Chen says one of WritePath’s advantages is that its technology, which includes Warren and the T-Booster corporate management system, maintains consistency in the company’s language and terminology. This means that its translators can focus on the quality of the content, considering the accuracy of the sentences.

WritePath also provides a “self-service” solution for critical information that needs to be disclosed within 24 hours. This allows customers to order and manage translations through WritePath’s portal. Part of the new funding will be used to upgrade the portal so that it can handle multiple files and batches that arrive at different times but need to be submitted at the same time.

Chen said WritePath differentiates itself from financial printers like Toppan Merrill, RR Donnelly and Pronexus by combining human translators with AI technology in its workflow. EQS and MZ are online IR disclosure tools, but require translation assistance as they publish information in non-English speaking countries. Another company in the financial disclosure space is Fiscalnote, but this company focuses on data, such as ESG information, rather than translation.

This funding will be used to expand WritePath’s translation services to listed companies and add more verticals, such as design and layout for ESG reports.

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