CitoPlus is a digital platform that automates commercial broking workflows by centralizing data aggregation from over 15 information providers. It streamlines deal preparation, financial analysis, and lender submissions, accelerating loan application processing and freeing up brokers for client engagement.
Funding
Funding not disclosed
Founders
Product
Problem
Commercial brokers face significant inefficiencies in data collection and deal preparation, leading to extended loan submission timelines and reduced capacity for client relationship management. This manual process hinders the ability to quickly assess deal viability and increases the risk of missed opportunities.
Solution
CitoPlus offers a digital platform designed to automate and streamline the commercial broking workflow. The platform centralizes data collection by integrating with over 15 information providers, pre-filling key deal details. It provides tools for financial analysis, serviceability calculations, and the generation of credit memorandums and lender application forms. This automation reduces the time spent on administrative tasks, allowing brokers to focus on strategic client engagement and accelerate the 'time to yes' for loan applications.
Target Audience
The primary users are commercial brokers and specialist commercial broking firms seeking to enhance efficiency, improve deal quality, and increase conversion rates in their lending operations.
Features
- Automated data aggregation from 15+ information providers, including business ownership, sanctions screening, credit profiles, and security valuations.
- Integrated financial analysis and serviceability ratio calculations for deal assessment and structuring.
- Direct lender submission capabilities with secure data transfer for indicative decisions.
- Automated generation of credit memorandums and pre-filled lender application forms.
- Broker portal for comprehensive deal lifecycle management.
- Customer portal for streamlined information requests, consent management, document sharing, and digital ID capture.
- Support for various lending types including Term Loans, Working Capital, Equipment Finance, Commercial Property, and Commercial Home Loans.
- Robust data security protocols and transparent customer consent management.