CreditEnable, the integrated market place that connects SMEs and Banks, has won a place in the inaugural, 2019 ‘Inclusive Fintech 50’ Competition.
CreditEnable is a global credit insights fintech whose award winning market place helps SMEs prepare for and secure debt at competitive rates from lenders who previously lacked the ability and metrics with which to assess them. It uses numerous proprietary technologies in AI to help tackle one of the world’s most dysfunctional credit gaps, estimated at over $4.5 trillion.
Inclusive Fintech 50 is a competition designed to recognise early-stage fintechs driving financial inclusion in both emerging and advanced markets around the world, especially those helping innovate for underserved customer groups in credit, insurance, payments and remittances, infrastructure and personal finance.
Along with a detailed scoring methodology, a judging panel of industry leading founders and investors (see here) rated applicants to the competition across inclusiveness, innovation, traction, and ability to scale. There were 400 eligible applicants that applied over a six-week period.
Says CreditEnable CEO and Founder Nadia Sood; “Moving excluded people, communities and sectors into the financial mainstream is one of the most urgent challenges facing developed and emerging societies alike, and the biggest opportunity for fintechs to address. I am proud to have won a major award in such a hotly contested area and want to thank the judges and organisers of the Inclusive Fintech 50 for their important initiative and for our commendation”.
Says the analyst team behind Inclusive Fintech 50; “CreditEnable demonstrates the power of technology and smart solutions for solving problems in the SME credit market, an important segment for driving economic growth and prosperity in many countries. We’re excited to recognize CreditEnable’s success to date, and will continue to watch the firm as it enables lenders to more easily reach and service SMEs with appropriate and accessible products”.