Globally, there is $2.4 trillion in unserved demand for credit from SMEs looking to cover short term liquidity challenges. But the market is hard to reach because it is fragmented and high risk.
Previse’s scalable algorithmic technology shifts the lending risk assessment from the small supplier to the corporate buyer, significantly reducing risk, opening up access to this untapped market.
Previse uses hundreds of millions of data points to create a neutral score of buyers’ likelihood to pay to help funders assess credit risk effectively. This creates a new, very safe, asset class.
It also allows funders to offer a T+0 payments technology as a new service to buyers utilising funders’ existing credit lines to corporates, maximising the efficiency of existing channels. It requires no new technology on-boarding from the bank or corporates.