Partnership between Wiserfunding and CrediLinq.Ai for Small and Medium Enterprise (SME) credit evaluation in Southeast Asia
Wiserfunding and CrediLinq.AI Partner to Improve Credit Assessments for Southeast Asian SMEs
London-based Wiserfunding and Singapore-based CrediLinq.AI have joined forces to improve credit assessments for Small and Medium Enterprises (SMEs) in poorly served markets across Southeast Asia.
Steven Nocka, Chief Risk Officer and Co-Founder of CrediLinq.AI, expressed pride in the partnership, stating that it aims to deliver financing quickly and on better terms than currently available in Asia. Gabriele Sabato, CEO of Wiserfunding, added that the partnership will provide access to underserved SMEs throughout the region.
The joint goal of the partnership is to help SMEs reach their growth objectives and access capital post-pandemic, while championing financial inclusion by providing accurate, fast, and fair credit decisions. The partnership will support the development of country-specific models with CrediLinq.Ai, and will focus on building and implementing credit risk models appropriate to the SME segment in Southeast Asia.
According to Sabato, the economic difficulties of the pandemic have left smaller businesses without the same access to credit as peers in advanced economies. He emphasised that the partnership's goal is to boost the entire economy, not just businesses at the top.
Robert, the co-founder of CrediLinq.AI, is involved in the partnership. The partnership particularly focuses on small businesses that are underserved by banks, offering automated, fast, and critical credit risk assessment capabilities for SMEs in Southeast Asia.
With this partnership, Wiserfunding and CrediLinq.AI aim to provide SME credit underwriting in Southeast Asia, and to deliver financing that is both quick and favourable to the region's SMEs. The partnership is set to make a significant impact on the financial landscape of Southeast Asia, providing much-needed support to small businesses in the wake of the pandemic.
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