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TLDR:
Worth AI, a FinTech startup, has launched an innovative AI-powered platform for business credit scoring. The platform aims to speed up decision-making, enhance risk accuracy, and standardize business credit scores. By leveraging AI, the platform promises to redefine how financial credit worthiness is assessed for small and medium-sized businesses, offering broader access to financial services, reducing risks, improving data transparency, and encouraging economic growth.
Article Summary:
Worth AI, a pioneering FinTech Software as a Service (SaaS) startup, officially announced the launch of its groundbreaking artificial intelligence (AI)-powered risk management and underwriting platform today. The company, founded by Sal Rehmetullah and Suneera Madhani, leverages AI to offer real-time data underwriting and risk management, aiming to speed up decision-making, enhance risk accuracy, and standardize the business credit score.
The inception of Worth AI was driven by a critical need to address the existing inefficiencies and challenges in financing for small and medium-sized businesses (SMBs). By employing AI, Worth AI’s patent-pending platform promises to redefine how financial credit worthiness of SMBs is assessed, offering broader access to financial services, reducing risks, improving data transparency, and encouraging economic growth.
Worth AI’s innovative platform is designed to predict the financial futures of businesses, reduce risks, and eliminate biases using real-time data. It processes thousands of traditional and non-traditional data sources to quickly generate a unified WorthScore™️, while constructing comprehensive business profiles within minutes. The platform’s capabilities are extensive, offering features such as onboarding acceleration, accurate and efficient underwriting, predictive risk monitoring, and the signature WorthScore™️.
Worth AI’s leadership team, comprising FinTech veterans Sal Rehmetullah and Suneera Madhani, brings together expertise from notable companies like Visa, Dun & Bradstreet, American Express, and Google. The startup has secured over eight figures in pre-seed funding, underlining its aggressive growth plans and commitment to revolutionizing the business credit system.
Sal Rehmetullah, co-founder and co-CEO of Worth AI, stated, “Suneera and I are pleased to come together again and launch Worth AI to address the current challenges and inefficiencies when it comes to financing for SMBs.” Suneera Madhani, co-founder and co-CEO of Worth AI, added, “We are launching Worth AI because there is a desperate need for data transparency and accurate financial profiling of businesses.”
