ELV8 Group Pte Ltd
By ELV8 Group Pte LtdAt iFluxion, our ambition is to revolutionize the business lending landscape (first in south-east Asia and then across the world) by bridging the multi-billion-dollar financing gap with our integrated platform. Our AI-powered underwriting engine provides a 360° assessment of applications, ensuring intelligent matching between lenders and borrowers. SMEs can access tailored loan options through our intuitive marketplace, while lenders benefit from real-time risk assessment and portfolio monitoring. Our transparent financial advisory services help SMEs build creditworthiness and financial health, fostering inclusivity and efficiency in the lending process. We also intend to enable SMEs with variety of other DIY Agentic AI solutions by fostering partnerships with providers.
- Stage
- Prototype
- Industries
- Banking and finance
- Retail and e-commerce
- Consumer goods
- Deployment
- Cloud (SaaS)
Why it is worth it
Integrated platform that offers comprehensive approach to business lending: 1. Lending marketplace where the businesses can apply once and get matched with suitable lenders, simplifying the lending application process 2. AI - powered underwriting that gets better and increases its moat with the number of cases that pass through the solution. This solution intends to become the gold standard of not just credit underwriting but also for equity investors and private credit markets 3. Intelligent matching that would enable expansion of credit to newer segments and ensure tailored loan options for borrowers 4. Financial Advisory and education that helps businesses become more investible
- For Lenders:
- 1. Outdated and costly lending practices – reliance on historical data
- 2. Lengthy assessment process with high rejection rates & reworks
- 3. Struggle to find Creditworthy SMEs
- For Businesses that intend to borrow:
- 1. Strict “one-size-fits-all” credit requirements
- 2. Lengthy and onerous approval process
- 3. Lack of business model/life-stage specific solutions
- 4. Limited access to formal credit
Opening the deck…
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Best customer profile
- On the borrowers' side, we intend to target clients across industries that are lesser than USD 100 million in annual sales. The solution is intended to solve for their need of growth and working capital availability at the best terms applicable to them.
- On the Lenders' side, we intended to partner with:
- Traditional banks by providing them pre-assessed leads with lower rejection rates and reworks + cost-efficient access to newer segments and practices + alternative assessment & portfolio monitoring engine that could over time replace their current ways of archaic underwriting.
- Fintechs and Neo-Banks by reducing their customer acquisition costs, broadening their reach + enriching their data with AI scorecards and adding newer sources of data + providing them with readymade technology stack and AI enablement
- Alternative financiers by enabling them with full stack technology and AI powered underwriting engine (Platform as a Service) + cost efficiencies by outsourcing underwriting / assessments
Notable paying customers
- We are currently focused on acquiring lending partners and are in advanced stages of finalizing deals with a global bank, 2 embedded finance lenders and 1 neo-bank
we are still in early stages with a big ambition