Peswa is a credit-as-a-service platform that connects financial institutions with customers of tech-enabled businesses, facilitating direct lending through bank accounts or wallets. The platform addresses the lack of access to affordable credit in emerging markets by providing customizable loan applications, risk management tools, and data-driven credit scoring models.
Funding
Funding not disclosed
Founders
Product
Problem
Many businesses in emerging markets lack access to affordable credit due to limited financial infrastructure and traditional credit scoring methods. Financial institutions struggle to efficiently connect with and assess the risk of lending to these businesses' customers. This gap hinders economic growth and limits opportunities for individuals and small businesses.
Solution
Peswa offers a credit-as-a-service platform that bridges the gap between financial institutions and customers of tech-enabled businesses in emerging markets. The platform enables financial institutions to directly lend to customers through bank accounts or digital wallets. Peswa provides customizable loan application processes, robust risk management tools, and data-driven credit scoring models tailored for diverse loan products. By leveraging data and AI, Peswa facilitates more accurate credit assessments and streamlines the lending process, expanding access to affordable credit for underserved populations.
Target Audience
Peswa's primary customers are financial institutions seeking to expand their lending operations in emerging markets and tech-enabled businesses looking to offer credit products to their customer base.
Features
- Customizable loan application flows with tailored questions for different loan products
- Comprehensive reporting and dashboards providing business analytics for all stakeholders
- Automated loan offer generation with clear terms and conditions
- Disbursement triggers for seamless loan distribution
- Onboarding for multiple financial institutions to fund loan portfolios
- Loan management tools with various interest calculation methods
- Repayment scheduling, processing, prompts, and reminders
- System-initiated account deductions and sweeps for efficient repayment collection
- Risk management and credit scoring models leveraging data, AI, and machine learning