The Philippine Star
September 13, 2024 | 12:00am
MANILA, Philippines — Kredit Hero, Asia’s first AI-powered SME lending marketplace has entered the Philippines, transforming how small and medium-sized enterprises (SMEs) can access financing.
SMEs are the backbone of the Philippine economy, contributing over 60 percent of total employment and at least 40 percent of the country’s GDP. Yet, for many Filipino entrepreneurs, securing fast and competitive financing remains a significant challenge. Lengthy loan approval processes, high rejection rates and missed business opportunities are common pain points that hinder business growth.
Kredit Hero is transforming the business financing landscape by offering a streamlined, accessible and innovative solution. By leveraging advanced machine learning, Kredit Hero provides a faster, smarter and more inclusive approach to business financing.
The platform automates multiple steps in the loan application process, from data collection to risk assessment, significantly reducing friction for borrowers. This automation accelerates loan decisions and enhances accuracy, ensuring that businesses can access the funds they need with greater efficiency and transparency.
“Our goal at Kredit Hero is to drive efficiency and transparency in the credit market by providing business owners with easy access to credible lenders while also equipping them with the knowledge to make informed decisions about credit products that will truly impact their business,” said Scott Moore, founder of Kredit Hero.
Kredit Hero’s platform caters to a range of businesses, from SMEs to established corporations. It supports a wide range of credit products, including working capital, equipment finance, construction finance, commercial mortgages, and more.
Whether one is a business owner looking to expand one’s capital or an investor seeking cutting-edge opportunities in fintech, Kredit Hero is setting the stage for a more inclusive and efficient financial landscape.