So check it out, my friends. We got this Indian agri enterprise called Samunnati, right? And they just signed a sick deal with this Singapore-based B2B SaaS FinTech called finbotsAI. Now, what’s so cool about this partnership is that they’re gonna use artificial intelligence (AI) to revolutionize credit risk management. That’s right, they’re bringing that AI power to help out smallholder farmers and agri enterprises.
According to the statement, Samunnati is actually the first agri enterprise in India to incorporate advanced AI into their business. Big moves, my friends. And get this, they’re the first client of finbotsAI in India too, backed by Accel.
So let me break it down for ya. Samunnati is gonna use finbots.ai’s AI-powered credit modelling platform called creditX. With this bad boy, they can create super accurate custom credit models whenever they need ’em. And that’s gonna help ’em scale their agri and MSME supply chain financing business while minimizing risk. Plus, they can process new applications in a flash, improving efficiency and agility.
Now, why did Samunnati choose finbotsAI? Well, they did an extensive evaluation using historical data (very fancy). And guess what? With creditX, finbotsAI managed to reduce the time it takes to develop models from 3 months to just 4 days! That’s crazy efficient, my friends. Not to mention, it increased predictive accuracy big time. That means more moolah and smoother operations.
Anil Kumar SG, the CEO and Co-Founder of Samunnati, is stoked about this partnership. He believes that innovation is the key to solving the finance problem and unlocking the potential of Indian agri. And finbotsAI is the perfect match to help ’em do that, using tech to serve their customers better.
And the CEO of finbots.ai, Sanjay Uppal, is just as pumped. He says they’ve already had major success in enabling lenders in South-East Asia and Africa to lend to new segments and boost financial inclusion. And now, their AI platform, creditX, is gonna have that same positive impact in India.
This deal is a big win for both parties. finbots.ai’s client base expands to 10 countries, and Samunnati gets to strengthen their credit-risk management with a world-class AI-enabled platform. It’s a win-win situation, my friends.
So there you have it. Samunnati and finbotsAI joining forces to bring AI to the agri game in India. It’s gonna be exciting to see how this partnership transforms the industry and helps those smallholder farmers thrive. Boom!