Abel provides a lending platform that utilizes a single API to automate the origination, decisioning, onboarding, and monitoring processes for small business lenders. This technology enables rapid, accurate loan offers and real-time risk management, addressing inefficiencies and high costs in the SME lending sector.
Funding
Funding not disclosed
Founders
Product
Problem
Small business lenders face challenges in efficiently originating, decisioning, onboarding, and monitoring loans, leading to inefficiencies, increased operational costs, and potential impairments. Existing lending processes often lack automation and real-time risk management capabilities, hindering their ability to rapidly adapt to market changes and customer needs.
Solution
Abel provides a lending platform accessible through a single API, designed to automate and optimize the entire lending lifecycle for small business lenders. The platform enables lenders to rapidly launch new credit products, enhance customer experience through automation, and proactively mitigate risks. By combining data science and lending expertise, Abel empowers lenders to win new customers, streamline operations, and prevent avoidable impairments. The platform offers composable services that can be tailored to adapt and optimize risk and business strategies, allowing lenders to respond quickly to market volatility and customer challenges.
Target Audience
Abel primarily targets challenger and specialist lenders focused on serving underserved SME segments, as well as financial institutions seeking to modernize their small business lending operations.
Features
- API-driven platform for end-to-end automation of SME lending processes
- Origination module for expanding borrower funnels with accurate, multi-product offers in under 60 seconds
- Decisioning module utilizing statistical models to automate workflows and reduce data and decision costs
- Onboarding module enabling fast and fraud-resistant customer onboarding
- Monitoring module providing customer-level alerts on credit quality and portfolio performance
- Configurable product factory and automated servicing workflows for loan adjustments
- Proprietary behavioral PD score for proactive customer and market monitoring
- Integration capabilities with existing lending and technology services