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Worth AI provides a subscription-based software platform for banks and lenders serving SMBs to automate onboarding and underwriting. It uses a patent-pending AI-powered system to analyze thousands of traditional and non-traditional data sources in real time, delivering faster loan decisions and a more holistic view of risk beyond traditional credit scores. This helps lenders extend credit more inclusively while managing credit risk across portfolios. Worth AI differentiates itself by targeting the SMB lending space with a data-driven, risk-focused workflow platform that continuously monitors risk and offers portfolio visibility, aiming to reduce underwriting bias and improve decision quality. The company’s goal is economic inclusion in financial services by enabling lenders to responsibly extend credit to a broader and more diverse set of small and medium businesses.
Industries
Data & Analytics
Fintech
AI & Machine Learning
Financial Services
Company Size
51-200
Company Stage
Debt Financing
Total Funding
$32.5M
Headquarters
Orlando, Florida
Founded
2023
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Total Funding
$32.5M
Above
Industry Average
Funded Over
4 Rounds
Industry standards
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
401(k) Retirement Plan
Unlimited Paid Time Off
Paid Holidays
Parental Leave
Remote Work Options
Hybrid Work Options
Meal Benefits
Wellness Program
Worth, a fintech platform for onboarding and underwriting workflow automation, secured a $25M investment led by TTV Capital. This funding will enhance its AI-powered solutions and expand services for large enterprises. Worth's platform, leveraging a database of over 242 million small businesses, optimizes underwriting operations. The company is backed by investors like Silicon Valley Bank and Florida Funders, and is rapidly scaling with key customers such as Wave Financial and REPAY.
Led by industry veterans Sal Rehmetullah and Suneera Madhani, Worth is a strong force in fintech, helping lead enterprises scale faster with streamlined...
AI-powered risk management, coupled with access to unique data, accelerates processing time and increases business credit approval ratesORLANDO, Fla., April 5, 2024 /PRNewswire/ -- Worth AI, a newly launched, AI-powered risk management platform, led by unicorn founders Sal Rehmetullah and Suneera Madhani, today announced a strategic relationship with Equifax to provide underwriting solutions that help small businesses secure the capital, and financial services they need. As part of the agreement, Worth AI will augment its expansive data capabilities with access to differentiated data from Equifax, including business firmographics, business credit attributes and business principal information on millions of U.S. businesses.Additionally, Worth AI will utilize Equifax commercial data solutions to provide lenders with access to business credit information and consumer reports on business principles in accordance with the requirements of the Fair Credit Reporting Act (FCRA), to enable greater visibility into the financial health of the business. The combination of more data points and improved management capabilities is designed to help banks, credit unions and financial solution providers increase approval ratings and make faster, more informed credit decisions."At Worth AI, our goal is to foster strategic partnerships with esteemed companies like Equifax, a global leader in data and analytics, to revolutionize how small businesses operate," said Suneera Madhani, Founder and co-CEO of Worth AI. "Aligning Equifax's data solutions with the Worth AI platform will speed the process of securing unbiased lines of credit for businesses that are equitable."Small businesses are a vital part of the U.S. economy and statistics show that less than 20 percent are approved for loans through large banks
The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.The reader should not assume that the information is accurate and complete.
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Industries
Data & Analytics
Fintech
AI & Machine Learning
Financial Services
Company Size
51-200
Company Stage
Debt Financing
Total Funding
$32.5M
Headquarters
Orlando, Florida
Founded
2023
Find jobs on Simplify and start your career today