About Charm Solutions

Charm Solutions provides an AI and machine learning-powered platform that transforms financial data into actionable insights for small and medium-sized business lenders. By utilizing customizable real-time scoring models, the platform enhances underwriting accuracy and portfolio monitoring, addressing the $1 trillion funding gap faced by SMBs.

```xml <problem> Small and medium-sized business (SMB) lenders often struggle with outdated technology and business models, leading to inefficient lending processes and a disregard for valuable data. This results in limited and unsatisfactory funding options for business owners, contributing to a significant funding gap. </problem> <solution> Charm Solutions offers an AI/ML-powered software platform designed to transform financial data into actionable insights for SMB lenders. The platform employs continuous self-learning analytic models to optimize underwriting accuracy and portfolio monitoring. By integrating seamlessly with existing workflows and applications through a robust API service, Charm Solutions enables lenders to identify promising SMB leads, manage portfolios effectively, and detect trends in customer behavior. The platform's AI-powered widgets embed directly into current financial applications, providing access to key features and insights into a customer's financial health. </solution> <features> - Customizable real-time scoring models that integrate seamlessly with existing workflows and applications - Web application ready with a robust API service for direct integration - Widget-based technology for embedding AI-powered widgets into existing financial applications - SMBScoreTM, built from decades of SMB accounting data from over six countries, utilizing proprietary ML technology - AI-driven underwriting process optimization to improve accuracy from three intelligence pillars of data sets - Continuous tracking and monitoring of default probability utilizing a borrowers' account behavior and patterns - Opportunity insights to analyze deposit portfolios for qualifying SMBs for new financial product offers - Large-scale data sets to provide valuable insights for determining financial health, optimizing operations, and making strategic decisions </features> <target_audience> Charm Solutions primarily targets small and medium-sized business lenders, including banks and credit unions, seeking to enhance their underwriting processes, optimize portfolio monitoring, and identify new lending opportunities. </target_audience> ```

What does Charm Solutions do?

Where is Charm Solutions located?

Charm Solutions is based in Menlo Park, United States.

When was Charm Solutions founded?

Charm Solutions was founded in 2022.

How much funding has Charm Solutions raised?

Charm Solutions has raised 3500000.

Location

Menlo Park, United States

Founded

2022

Funding

3500000

Employees

13 employees

Major Investors

BootstrapLabs

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Charm Solutions

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Executive Summary

charmsolutions.ai 300+

Crunchbase

Founded 2022 – Menlo Park, United States

Funding

Estimated Funding

$3M+

Major Investors

BootstrapLabs

Team (10+)

No team information available.

Company Description

Problem

Small and medium-sized business (SMB) lenders often struggle with outdated technology and business models, leading to inefficient lending processes and a disregard for valuable data. This results in limited and unsatisfactory funding options for business owners, contributing to a significant funding gap.

Solution

Charm Solutions offers an AI/ML-powered software platform designed to transform financial data into actionable insights for SMB lenders. The platform employs continuous self-learning analytic models to optimize underwriting accuracy and portfolio monitoring. By integrating seamlessly with existing workflows and applications through a robust API service, Charm Solutions enables lenders to identify promising SMB leads, manage portfolios effectively, and detect trends in customer behavior. The platform's AI-powered widgets embed directly into current financial applications, providing access to key features and insights into a customer's financial health.

Features

Customizable real-time scoring models that integrate seamlessly with existing workflows and applications

Web application ready with a robust API service for direct integration

Widget-based technology for embedding AI-powered widgets into existing financial applications

SMBScoreTM, built from decades of SMB accounting data from over six countries, utilizing proprietary ML technology

AI-driven underwriting process optimization to improve accuracy from three intelligence pillars of data sets

Continuous tracking and monitoring of default probability utilizing a borrowers' account behavior and patterns

Opportunity insights to analyze deposit portfolios for qualifying SMBs for new financial product offers

Large-scale data sets to provide valuable insights for determining financial health, optimizing operations, and making strategic decisions

Target Audience

Charm Solutions primarily targets small and medium-sized business lenders, including banks and credit unions, seeking to enhance their underwriting processes, optimize portfolio monitoring, and identify new lending opportunities.