Kredit Hero, an AI-powered marketplace designed to provide small and Medium Enterprises (SMEs) with access to much-needed financing, is officially launching in the Philippines. Despite SMEs accounting for over 99% of all businesses in the country, they face significant challenges in securing loans. Kredit Hero addresses this critical gap by leveraging advanced AI technology to assess financial profiles and connect SMEs with the most suitable lenders.
SMEs are the backbone of the Philippine economy, contributing around 40% of the country’s GDP and employing 63% of the workforce. Yet, despite their importance, over 50% of SMEs cite access to financing as their top challenge, often due to lengthy processes and stringent loan requirements from traditional banks. Kredit Hero seeks to change this by providing a digital platform that offers quick, transparent, and flexible loan options tailored to SME needs.
“We created Kredit Hero because we recognized a serious issue in how underserved SMEs are when it comes to securing loans,” said Scott Moore, Founder of Kredit Hero. “Our platform uses AI to assess risk more efficiently, offering SMEs faster access to capital so they can focus on growth, not paperwork. We’re here to ensure that no small business is left behind simply because they don’t fit the traditional mold of a bankable business.”
Key Features of Kredit Hero:
- AI-Powered Modelling: Kredit Hero’s AI-driven platform assesses the unique financial profile of each SME, creates a proprietary K-Score and matches them with lenders offering the best terms.
- Faster Approval: Unlike traditional loan processes that can take days, Kredit Hero uses automation and enhanced data analytics to analyse and present loan applications in minutes, helping SMEs access funds more quickly.
- SME-Focused: Kredit Hero’s solutions are tailored specifically for SMEs, offering financing options and terms that match their business requirements and growth goals.
Kredit Hero is already in partnership with multiple leading financial institutions to provide a range of options for SMEs, including secured and unsecured loans, working capital, trade finance and growth capital. One of Kredit Hero’s partner lenders remarked on the platform’s potential to make a difference.
“We’re excited to be partnering with Kredit Hero,” said Kendrick Co, Head of Business Development at Esquire Financing, Inc. “The AI technology Kredit Hero uses gives lenders more confidence in assessing SME loan applications while speeding up the decision-making process.
This platform is a game-changer for lenders and borrowers alike.” “We believe Kredit Hero’s AI-powered platform represents the future of SME lending,” said Miks Nieves, President at Mount Fuji Lending, Inc. “For too long, small businesses have been caught in lengthy and complicated processes that prevent them from accessing the funds they need to grow. As a lender on the Kredit Hero platform, we can offer tailored, faster, and more accurate loan options, making a meaningful impact on the SME sector.”