Paperplane provides a credit risk management platform that utilizes real-time data analytics and AI to automate credit approvals and monitor customer behavior. This technology enables builders, plumbers, and timber merchants to reduce bad debt by over 43% within 90 days while accelerating customer onboarding processes to under 15 minutes.
Funding
$3M 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.
Founders
Product
Problem
Traditional credit risk assessment processes are slow, often taking days or weeks, and rely on incomplete data, leading to inaccurate risk predictions and potential bad debt for suppliers. Customer-facing teams often lack the tools to capture and share real-time customer intelligence, further hindering accurate credit decisions.
Solution
Paperplane offers a credit risk management platform that leverages real-time data analytics and AI to automate credit approvals and continuously monitor customer behavior. The platform aggregates data from sales, account management, operations, and finance teams to provide accurate, up-to-date credit scoring. By automating background checks, reference calls, and executive approvals, Paperplane accelerates customer onboarding, enabling businesses to extend more credit with reduced risk. The system also detects anomalous customer behavior, allowing for proactive intervention and mitigation of potential bad debt.
Target Audience
The primary target audience includes wholesalers, distributors, and builders' merchants seeking to streamline credit approvals, reduce bad debt, and improve customer loyalty.
Features
- Automated credit approvals with background checks and reference calls completed in under 15 minutes
- Real-time customer intelligence capture from sales, account management, and operations teams via SMS/phone
- AI-powered anomaly detection analyzing transactions, payments, and public information over 120 times daily
- Integration with existing systems and processes
- Continuous credit monitoring to detect high-risk accounts within minutes
- Customizable credit limits based on customer risk profiles
- Cash flow projection based on customer payment habits