With the advancement of technology, FinTech companies are changing the financial landscape across the globe. This transformation can especially be observed in the domain of small businesses lending in Singapore. In this article, we will explore how PowerCred, a Singapore-based FinTech startup is redefining small business lending in Singapore using innovative products.
PowerCred is a Software as a Service (SaaS) company that provides application programming interfaces (APIs) to banks and other financial service providers. Their digital lending infrastructure and intelligence suite helps these institutions streamline their onboarding, underwriting, and collections processes. This enables companies to launch innovative next-generation financial products.
Key Takeaways
- PowerCred is a Singapore-based FinTech startup that’s revolutionizing the small business lending landscape.
- Their API-driven infrastructure enables financial institutions to streamline their lending processes.
- The company aims to empower lenders by providing intelligent tools for better decision making.
- PowerCred’s future integration plans will further automate the lending process, making it more efficient and customer-centric.
PowerCred’s Unique Approach
The key differential of PowerCred’s platform is its API-driven approach. Instead of building a standalone solution, PowerCred’s APIs allow financial institutions to seamlessly integrate their offering into existing systems. This drastically reduces the time and cost of implementation, making it an attractive proposition for small business lenders.
Furthermore, PowerCred’s sophisticated intelligence suite supports lenders in decision making by providing analytics and insights related to credit risk, enhancing their underwriting efficiency, and reducing the risk of non-performing loans. This empowers the small business lenders to not just survive, but thrive in the competitive financial services landscape.
The Future of PowerCred and The Industry
In the already digital-savvy climate of Singapore, and especially led by the innovative vision of its founders – Kunal Goel and Shrinivas Deshmukh, PowerCred is perfectly positioned for exponential growth. The company is highly dedicated to improving the lending experience for both lenders and borrowers and plans on further automating their services for better decision-making and efficiency.
The FinTech industry is on the move and is likely to continue transforming the business lending landscape in Singapore and globally. As PowerCred continues to innovate and grow, stay connected and follow their journey through:
Website: PowerCred
LinkedIn: PowerCred on LinkedIn
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