This startup provides an AI-powered platform that enables micro, small, and medium enterprises (MSMEs) to access embedded credit and financing options. By integrating with existing business platforms, they offer streamlined access to capital for MSMEs.
Funding
Funding not disclosed
Founders
Product
Problem
Micro, small, and medium enterprises (MSMEs) often struggle to access adequate financing due to limited credit history and lack of collateral, hindering their ability to manage cash flow, procure inventory, and grow their businesses. Traditional credit scoring methods often fail to accurately assess the creditworthiness of MSMEs, leading to higher interest rates or denial of loans. Existing financing solutions often lack integration with business platforms, creating friction and delays in accessing capital.
Solution
Fundfina provides an AI-powered embedded finance platform that enables MSMEs to access tailored credit and financing options. By integrating with existing enterprise and lending platforms through APIs, Fundfina streamlines the lending process and offers a marketplace connecting lenders with MSMEs. The platform utilizes a proprietary transaction-based credit scoring system, TrueScore™, which leverages machine learning algorithms to assess creditworthiness based on cash flow and financial performance, even without traditional credit scores or bank statements. Fundfina offers a range of products, including custom lending programs, invoice financing, and a SaaS platform for managing the lending lifecycle, enabling faster access to capital and improved financial inclusion for MSMEs.
Target Audience
Fundfina primarily targets micro, small, and medium enterprises (MSMEs) seeking access to credit and financing, as well as enterprises and lending institutions looking to expand their reach and offer embedded finance solutions to their customers.
Features
- Embedded finance APIs for integration with enterprise platforms, enabling seamless access to credit for MSME customers.
- TrueScore™: A proprietary AI-powered credit scoring system that assesses creditworthiness based on transaction data and cash flow, without requiring traditional credit scores.
- Merchant Brisk: A custom lending program providing unsecured term, daily, and weekend loans with disbursal within 24 hours.
- Merchant Bikri: Invoice financing solution that converts pending invoices into immediate cash, with options for anchor-led or merchant-led programs.
- Rn Platform: A SaaS platform for lending companies to manage the entire lending marketplace, featuring machine learning-powered credit scoring and easy partner integrations.
- Sancus: A debt resolution platform that manages end-to-end processes from collections to recovery, minimizing outstanding debts with data and ML-driven strategies.
- Flexible onboarding options including API integration, white-labeled screens, and microsites.
- Support for various loan types including term loans, revolving credit, and daily loans.