Upswot changes the way SMBs apply for various products, making the application processes highly interactive and engaging
Make all credit, working capital, deposit, leasing, line of credit, banking guarantee, etc. application processes paperless and beneficial for SMB clients
How It Works
1. White-label service
Upswot runs either on Bank servers (on-prem) or on Upswot servers (SaaS available through a single RESTful API)
2. Application process
SMBs apply for any credit, deposit or any other product at the Financial Institution’s website, share the data from business apps they use, and give the consent (GDPR-compliant) to analyze it with one-time or ongoing access
3.Onboarding of the SMB
Upswot motivates SMB to share the data with the Bank to influence the terms of the deal in real-time
4. Automated data structuring
Upswot automatically structures all the data in up to only 60 seconds, saving days and even weeks of work for financial analysts, and dozens of millions of dollars for Lenders
5. "Red flags" tracking module
Upswot provides automatic notifications and updates regarding all positive or negative financial events that affect your clients
SMB can apply for any product by sharing the data from apps they use in several clicks online, helping the Banks to get a full and accurate overview of their businesses
"Thin file" Problem
Increase the acceptance rate by up to 25% by enriching decision-making process with non-traditional data from various apps which are usually unavailable to Banks
Upswot doesn’t screenscrape the data. Our technology is based on native API of external apps only so that SMBs could share the data in a safe, secured, and reliable way
Upswot continuously tracks SMBs even after the product is approved and triggers the Banks about all negative and positive events that can influence the risk, churn and even fraud
Upswot saves a lot of time for SMB by automating reporting with the data pulled directly from Accountancy, ERP, eWallets, eCommerce, CRM apps they use
Get Upswot Now!
Enter your phone, or email
and we will contact you as soon as possible
Contact us the way you want!
We will answer you as soon as possible.