In today’s world, small and medium-sized businesses (SMBs) play a crucial role in driving the global economy. However, despite their significance, these businesses often struggle to get access to the credit and capital they need to grow and succeed. Tillful, an SMB fintech based in San Francisco, California, is on a mission to change that by providing a more inclusive and intelligent approach to business credit.
Tillful’s goal is to increase access to capital and opportunities for first-time founders, new business owners, and underserved borrowers. The company is dedicated to closing the funding gap in the SMB funding landscape to help more small business owners and entrepreneurs launch the business they have always dreamed about.
Revolutionizing Business Credit
At Tillful, the team believes that a good credit score should not be the only determining factor in whether or not a business gets access to capital. This is why they use alternative data to create a more holistic view of a business’s financial health. By doing so, Tillful aims to provide a more accurate credit score and increase the likelihood of getting approved for loans and other credit products.
One of Tillful’s innovative products is the Tillful Card, a business credit card purpose-built for SMBs. The Tillful Card comes with several features that make it stand out from traditional credit cards. For instance, it allows users to set credit limits for employees and track their expenses in real-time. Additionally, the card offers rewards for business expenses, including office supplies and travel.
Another product that Tillful offers is credit scoring using alternative data. Traditional credit scores are often limited in scope and do not reflect a business’s true financial health. Tillful’s credit scoring model takes into account factors such as cash flow, revenue, and business transactions. This approach provides a more accurate credit score that can increase the chances of getting approved for loans and other credit products.
Empowering SMBs with Financial Literacy
Tillful believes that access to financial literacy is essential for SMBs to succeed. This is why the company provides business finance management services to help SMBs understand their financial health and make informed decisions. The platform offers financial analytics, reporting, and projections to help businesses manage their cash flow and plan for the future. Tillful’s tools and resources empower SMBs with the financial knowledge they need to grow and thrive.
Backed by Industry Leaders
Tillful is a product of Flowcast, a company that has developed AI-based credit models for lenders, Fortune 100 enterprise companies, and global financial institutions. Tillful harnesses the insights and experience gained by Flowcast to empower SMBs and increase access to financial literacy, credit, and the capital they need to launch or grow their businesses.
Tillful’s approach to modernizing business credit has gained the attention of some of the industry’s most notable investors. The company is backed by ING Ventures, Bitrock Capital, and Katalyst Ventures.
In conclusion,
Tillful is an SMB fintech company that is changing the game when it comes to business credit. The company’s innovative approach, powered by alternative data and AI-based credit models, is revolutionizing the SMB funding landscape. Tillful’s mission to increase access to capital and opportunities for SMBs aligns perfectly with the needs of small business owners and entrepreneurs. With a range of products and services that empower SMBs with financial literacy, Tillful is set to become a game-changer in the world of SMB finance.
Website: https://www.tillful.com/
Twitter: https://twitter.com/tillful?lang=en
Facebook: https://m.facebook.com/tillful/
LinkedIn: https://www.linkedin.com/company/tillful
