ThirdRoc provides a cloud-based platform that utilizes machine learning for credit risk analysis, enabling B2B companies to offer flexible payment options like Buy Now Pay Later and Earned Wage Access to their employees and customers. This technology enhances financial stability for users while reducing bad debt for lenders through accurate predictive modeling.
Funding
$130K 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
Many B2B companies struggle to offer flexible payment options like Buy Now Pay Later (BNPL) and Earned Wage Access (EWA) due to the complexities and risks associated with credit risk analysis and management. Inaccurate credit assessments can lead to increased bad debt and limit the availability of these beneficial financial products to employees and customers.
Solution
ThirdRoc provides a cloud-based platform that leverages machine learning to streamline and enhance credit risk analysis, enabling B2B companies to offer flexible payment solutions. The platform's intelligent credit risk analysis empowers businesses to provide BNPL and EWA options to their employees, vendors, and customers. ThirdRoc's technology aims to improve financial stability for users by providing access to credit and early wage access, while simultaneously reducing bad debt for lenders and businesses through more accurate predictive modeling and risk assessment. The platform offers APIs for seamless integration with existing systems and ready-to-use web and mobile applications for end-to-end digital lending capabilities.
Target Audience
ThirdRoc targets enterprises seeking to offer BNPL and EWA to employees, businesses offering BNPL to vendors and customers, B2B eCommerce platforms, retailers, banks, NBFCs, and fintech companies.
Features
- Cloud-based platform powered by machine learning for credit risk analysis
- APIs for integrating credit risk analysis into existing lending and payment systems
- Web and mobile applications for end-to-end digital lending
- Support for Buy Now Pay Later (BNPL) and Earned Wage Access (EWA) programs
- Machine learning models trained on diverse datasets to improve prediction accuracy
- Network of lenders, merchants, and enterprises to facilitate flexible payment options
- Tools to reduce bad debt through improved credit risk assessment