Kredit Hero, an AI SME loan marketplace, has launched KreditCheck™, an innovative AI-driven financial assessment tool. This tool is designed to provide small and medium-sized enterprises (SMEs) with a deeper understanding of their financial health.

KreditCheck™ AI Tool offers business owners insights similar to those used by lenders when evaluating loan applications. By providing this transparency, Kredit Hero aims to empower SMEs to proactively improve their financial standing and increase their chances of securing funding.

Accessing finance remains a significant hurdle for many SMEs. Business owners often face loan rejections without fully understanding the reasons or how to improve their financial position.

KreditCheck™ addresses this issue by providing an AI-powered assessment that evaluates key financial indicators, identifies potential risks, and offers guidance to enhance creditworthiness.

Michel de Rijk, Co-Founder of Kredit Hero, emphasised the importance of this tool. He believes that SMEs are the backbone of the Philippines’ economy. However, many struggle to secure funding simply because they do not really see their business the way lenders do.

“With KreditCheck™, we’re giving business owners the tools to take control of their financial future. No more guesswork, just clear, data-driven insights.”

KreditCheck™ delivers a detailed report that highlights a business’s financial strengths, weaknesses, and areas needing improvement. Armed with this knowledge, SMEs can make informed decisions, optimise their financial performance, and better position themselves for future funding opportunities.

Featured image credit: Edited from Freepik