Singapore-based CrediLinq.ai has entered into a partnership with Validis to support its SME lending process.
The move will enable CrediLinq.ai to use Validis’ single API to access accounting data and accelerate the underwriting process and expedite funding process.
The collaboration will also help in increasing transparency and enable ongoing monitoring of loans.
Notably, CrediLinq.ai is slated to launch its services across the Asia-Pacific region later this year.
CrediLinq.ai founder and CEO Deep Singh said: “We are at an exciting part of our journey at CrediLinq.ai and nearing the launch of our game-changing credit lending platform.
“Choosing the best technology partners to help deliver the best digital-first experience is integral to our vision of delivering fast and accessible growth capital to SMEs in the region, whilst minimising risk to investors – Validis will be a key enabler of this – they have unrivalled experience in this space, with the broadest accounting data coverage and richest insights in the market.”
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By GlobalDataValidis CEO Paul Thomas said: “CrediLinq.ai are an exciting new entrant with ambitious plans to disrupt the SME lending space. They’re reimagining the credit underwriting process with their AI and machine learning platform and I’m delighted that we’ve been chosen to support Deep and the wider CrediLinq.ai team – providing access to on-demand accounting data through our API will deliver the rich insight needed to power their credit analysis process and help make fast and smart lending decisions for an underserved SME community.”