AI-empowered credit score tool, KreditLens, introduced for free by Kredit Hero, caters to small and medium-sized enterprises.
AI SME loan marketplace Kredit Hero has launched a new tool, KreditLens, designed to help small and medium-sized enterprises (SMEs) make informed decisions about their financial health and growth potential.
KreditLens is a service offered by Kredit Hero, and its key feature is an AI-powered analysis of a business's financial data. This tool turns complex financial data into a clear, actionable report, as stated by Scott Moore, Co-Founder and CEO of Kredit Hero.
The enhanced version of KreditLens offers a comprehensive analysis of a business's performance and creditworthiness. It generates a "Kredit Score" (K-Score) for businesses, an AI-driven credit health score based on revenue, expenses, and other financial data. This score provides a quick and easy-to-understand measure of a business's financial health.
Moreover, KreditLens now offers actionable recommendations to help businesses strengthen their financial standing and assess their eligibility for loans from lending partners. This feature is intended to empower SMEs to take proactive steps towards improving their creditworthiness and accessing the financial services they need to grow.
Manav Garg, the founder and CEO of the company that developed KreditLens, emphasized that the tool is free to use. Business owners can generate reports monthly or quarterly at no cost by uploading their latest statements to KreditLens. This means that SMEs can track their progress over time by uploading their financial statements regularly, allowing them to make data-driven decisions about their financial future.
The launch of KreditLens is aimed at providing SMEs with a more efficient and accurate way to assess their financial health and growth potential. The use of KreditLens does not involve any costs for business owners, making it an accessible tool for SMEs seeking to improve their financial management.
KreditLens, previously known as KreditCheck, has undergone enhancements in AI analysis and faster reporting. The featured image for this article was provided by Kredit Hero.
In conclusion, KreditLens continues to empower SMEs to make smarter decisions, improve their credit health, and confidently pursue growth opportunities. By providing a personalized performance breakdown using uploaded financial and bank statements, KreditLens is a valuable resource for SMEs seeking to navigate the complex world of finance.
