Kredit Hero, an AI small and medium-sized enterprise (SME) loan marketplace, has officially joined Fintech Alliance.PH, a digital and fintech industry association in the Philippines. This alliance signifies a pivotal moment for Kredit Hero. It enables the company to join forces with leading fintech entities to promote innovation, responsible lending practices, and financial inclusion.

Michel de Rijk, Co-Founder of Kredit Hero, stated that the company’s objective is to enhance the speed, intelligence, and efficiency of financing for both SMEs and financial institutions.

“Joining Fintech Alliance.PH strengthens our mission to drive real financial inclusion by enabling financial institutions to make faster and more insight-driven loan decisions,” he added.

Since its launch a few months ago, Kredit Hero has experienced growth, registering over 6,000 SMEs and contributing significantly to some partner lenders’ total deal volume. The company also utilises AI for document analysis, which aims to streamline the financial document review process.

Previously, this process could take days of manual effort, but with automation, it is now presented as an efficient, streamlined process completed rapidly.

Lito Villanueva, Chairman of Fintech Alliance.PH, welcomed Kredit Hero, noting that its addition contributes to the growing group of industry leaders working to advance innovation, inclusion, and the future of digital finance in the Philippines.

As a member of the alliance, Kredit Hero intends to collaborate on cross-industry initiatives, support policy development, and work with other members to promote financial literacy and inclusion throughout the nation.

Featured image: Edited by Fintech News Philippines, based on image by thanyakij-12 via Freepik.