About Charm Solutions

Charm Solutions provides an AI/ML powered software platform specifically designed for Small and Medium Business (SMB) lenders. This platform transforms financial data into actionable insights through continuous self-learning analytic models. The technology enables financial institutions to serve SMBs more safely, efficiently, and profitably by optimizing underwriting and portfolio monitoring.

```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 Small and medium-sized business (SMB) lenders often struggle with outdated technology and business models, leading to inefficient lending processes and a disregard for valuable data.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 $3.5M.

Who founded Charm Solutions?

Charm Solutions was founded by John Donovan and Christian Ehrhardt.

John Donovan - Co-Founder, CHARM Solutions
Christian Ehrhardt - Founder Rentr, Angel Investor, Mentor and Board Member

Location

Menlo Park, United States

Founded

2022

Funding

$3.5M

Employees

13 employees

Investors

Bootstrap Labs Macequity

Charm Solutions

Menlo Park, United StatesFounded 202213300+ followers10/10 TractionRelative Traction Score based on online presence metrics compared to companies in the same age group.

Updated 20 months ago

Funding

$3.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.

Funding rounds are not available yet.

Founders

Product

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.

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.

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