Investree Philippines Taps Provenir for AI-Powered SME Financingby Fintech News Philippines March 13, 2023
Provenir’s platform provides Investree Philippines with the capability to access, evaluate, and process a wide range of data sources to create accurate risk models, improving the quality of risk assessments and decisioning for financing applicants.
Through the Provenir Marketplace, users can integrate with multiple data sources, such as credit bureaus, fraud detection providers, and social media activity through a single API to provide a comprehensive view of the applicant’s creditworthiness and financial standing.
Investree Philippines is licensed by the Securities and Exchange Commission (SEC) and has formed partnerships with the Asian Institute of Management (AIM) and the Philippine SME Business Expo (PhilSME).
“With the integration of Provenir’s platform, Investree Philippines can provide SMEs with a streamlined and more reliable risk decisioning process, enabling them to receive financing faster and more efficiently.
The partnership with Provenir is a significant milestone for Investree Philippines as we seek to expand our presence in the country with initiatives that aim to empower SMEs.”
said Kok Chuan Lim, Co-founder and CEO of Investree Philippines.
“Investree Philippines is playing a significant role in empowering SMEs with a more accessible lending experience.
We share this goal and will provide the real-time, on-demand data access, embedded AI and world-class decisioning technology they need to quickly evaluate risk and provide the critical financing SMEs need to grow and succeed.”
said Bharath Vellore, General Manager, APAC for Provenir.