Scienaptic announced that Profectus Capital is now live on its platform. Scienaptic has implemented its credit decisioning engine and industry-tested scorecards for Bureau data and Financial Statements as part of Phase-I deployment to improve small and medium company (SMB) loan choices. Scienaptic's AI technology will also be used to identify risk trends in Profectus' customer behavior and deliver more precise prediction risk alerts. Scienaptic is a market-leading global provider of AI-powered credit platforms.
Profectus Capital is a systematically significant non-bank financial corporation located in Mumbai and registered with the Reserve Bank of India. It provides term loans and working capital loans to small and medium-sized businesses in the manufacturing and service industries. Profectus intends to use Scienaptic AI to bolster its credit decisioning processes and expand loan availability to underrepresented MSMEs.
“We are delighted to be working with Profectus Capital to help strengthen the credit and financing opportunities for its clients. Profectus has tremendous domain expertise in MSME/SME funding and are poised to scale their asset base dramatically. We are sure that Scienaptic's unique, adaptive AI technology will enable the company to serve more SMEs, reduce credit risk and create maximum social impact to the manufacturing and service sectors of India.”
Joydip Gupta, Business Leader Scienaptic AI