Bettr, a prominent provider of embedded financing under Ant International, has unveiled an AI-driven accounts receivable financing solution aimed at empowering small and medium-sized enterprises (SMEs) on global e-commerce platforms. As the year-end shopping season approaches, this solution offers vendors rapid and secure access to working capital, addressing the urgent need for flexible funding to manage increased inventory, marketing, and operational costs.
The innovative solution leverages advanced AI and machine learning to streamline the financing process. By analysing real-time business data such as invoices, sales history, and customer ratings, the AI system generates precise credit risk assessments. This allows Bettr to offer tailored loan solutions at competitive market rates, ensuring a seamless application experience for vendors.
Quan Yu, General Manager of Credit Services at Ant International, highlighted the transformative potential of this solution: “By integrating our alternative data-powered credit assessment and risk management directly into the e-commerce ecosystem, we can quickly approve and disburse funds. This is a game-changer for small and medium-sized businesses looking to scale quickly and meet demand.”
The platform also prioritises security, employing continuous risk management to monitor transactions in real time and prevent fraudulent activities. This dual focus on speed and security enables vendors to expand their businesses confidently, whilst Bettr mitigates potential risks.
Bettr’s initiative not only aims to enhance financial agility for SMEs but also seeks to advance financial inclusion globally by harnessing technology and collaborating with partners across sectors.
