Wiserfunding, CrediLinq.Ai Partner for SME Credit Underwriting in Southeast Asiaby Fintech News Singapore October 19, 2021
London-based Wiserfunding, a provider of credit risk assessment for SME lenders, announced a strategic partnership with CrediLinq.Ai, a Singapore-based fully integrated AI credit platform, for SME credit underwriting in Southeast Asia.
This partnership provides automated, fast and critical credit risk assessment capabilities for Southeast Asia SMEs to reach their growth objectives and access capital post-pandemic.
CrediLinq.Ai will support the development of country specific models with Wiserfunding with the joint goal to improve credit assessments for SMEs in poorly served markets, particularly small businesses that are underserved by banks.
Steven Nocka, Chief Risk Officer and Co-Founder of CrediLinq.Ai said,
“CrediLinq.Ai is proud to partner with Wiserfunding to build and implement credit risk models appropriate to the SME segment in Southeast Asia.
The partnership with Wiserfunding allows us to accelerate this work and to deliver much needed financing quickly and on far better terms than is currently available across Asia.”
Gabriele Sabato, CEO, Wiserfunding said,
“The growing pains of economic development coupled with the economic difficulties of the pandemic have left smaller businesses without the same access to credit as peers in advanced economies.
Our partnership with CrediLinq.Ai will provide access to underserved SMEs throughout the region, championing financial inclusion through accurate, fast and fair credit decisions that boost the whole economy, not just businesses at the top.”
Featured image: Image by Victor Ng from Pixabay