Worth AI, a fintech SaaS startup, officially launched and announced its artificial intelligence-powered risk management and underwriting technology. The first-of-its-kind, patent-pending platform, fundamentally changes how enterprises underwrite the financial credit worth of small and medium-sized businesses (SMBs), expanding access to more customers, decreasing risk, increasing data transparency, and fueling economic growth. Worth AI enables banks, credit unions, fintechs, and financial service providers to rapidly accelerate approvals for business loans, financial services, and lines of credit with a single business credit score.
The Worth AI, data-driven platform predicts business financial futures, reduces risks, and eliminates biases with real-time data. Leveraging AI, the platform processes thousands of traditional and non-traditional data sources to swiftly generate a unified ‘WorthScore™️,’ while building comprehensive business profiles in minutes.
“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,” said Sal Rehmetullah, co-founder and co-CEO of Worth AI. “The innovative approach transforms a historically complex and time-consuming underwriting process into a seamless and intuitive experience. The Worth AI platform enhances the efficiency of financial service providers, creates equal access to capital for small businesses and fosters economic growth for all.”
“With Worth AI, financial enterprises can finally eliminate process friction between lenders and SMBs, eradicate inefficiencies, reduce operating losses, and gain unparalleled insights into the complete, real-time financial profiles of SMBs, said Asif Ramji, former chief growth officer of FIS, former chief product officer of Worldpay and current executive chairman of Worth AI. “Worth AI’s innovative solution unlocks new avenues for growth for financial service providers and changes the way small business owners can understand and improve their own credit worth.”
Worth AI’s seasoned leadership team, led by fintech veterans, Sal Rehmetullah, and Suneera Madhani, aims to innovate and disrupt the financial credit system. Reinforcing the startup’s commitment to excellence and industry expertise, the duo has brought together a team of executives from Visa, Dun & Bradstreet, American Express, and Google. The startup has also raised over eight figures in pre-seed funding to fuel its aggressive growth plans and plans on raising further capital from strategic partners.
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