The startup offers a business lending platform that automates commercial lending processes for banks and alternative finance providers, utilizing technologies such as invoice lending and receivables management. This platform enhances operational efficiency and accelerates economic growth for lending organizations by streamlining complex financial transactions.
Funding
$28.8M 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 commercial lending processes are often slow, labor-intensive, and rely on backward-looking risk assessments, creating inefficiencies for both lenders and borrowers. Businesses struggle with delayed access to working capital, while lenders face high operational costs and increased risk due to manual errors and limited data insights.
Solution
Trade Ledger provides a commercial lending platform that automates and digitizes the end-to-end lending lifecycle, enabling lenders to make faster, more informed decisions. The platform ingests data from multiple sources, including accounting systems and other external sources, and transforms it into actionable insights for credit management. By streamlining workflows, automating data collection and credit scoring, and offering pre-configured reports, Trade Ledger reduces the cost to serve, accelerates time to cash, and minimizes manual errors. The composable architecture allows lenders to digitize one or more credit products end-to-end or to digitize specific phases of operations, integrating seamlessly with existing systems via APIs.
Target Audience
Trade Ledger primarily targets banks, alternative finance providers, and other lending organizations seeking to modernize their commercial lending operations and improve efficiency in providing working capital to mid-market and SME businesses.
Features
- Unified data model that aggregates and standardizes data from internal and external sources via APIs.
- Credit suite for originating and maintaining all credit products and facilities, including pre-defined attributes and risk parameters.
- Configurable workflows that automate processes based on trigger events and orchestrate activities across different systems.
- API library for secure and flexible connections between data, systems, and people.
- Automated data collection, credit scoring, pre-assessment, deal structuring, credit memo creation, document generation, and credit agreement.
- Real-time data feeds and risk controls for improved risk management.
- Integration with CRM systems for a single customer view and pipeline tracking.
- Support for various working capital lending products, including Receivables Finance, Asset Based Lending, and Invoice Discounting.