Underwriting
16 Aug 2023
Ntropy partners with Sivo to bring transaction enrichment to more lenders
Author
Michael Jenkins
Product Marketing Lead
Ntropy partners with Sivo
We are excited to announce that Ntropy, an AI powered financial data standardization and enrichment solution serving lenders, has partnered with Sivo, the first founder-friendly, tech-enabled debt funding partner.
Through this partnership, our multi-lingual and multi-geo enrichment capabilities will allow Sivo’s global customer base to boost revenue through increasing loan approvals, reducing defaults and increasing speed through underwriting automations using Ntropy’s leading enrichment capabilities.
We have enriched billions of transactions for fintech lenders, financial operations providers and digital banks who use bank transactions to underwrite consumers and businesses. This partnership will allow lenders to make better lending decisions by building on top of more accurate, enriched financial data and supported by Sivo’s fast access to debt capital.
Sivo not only provides debt-as-a-service to businesses but also offers credit decisioning services to make scalable lending decisions that can now be enhanced through enriched financial data.
Alec Randall, CEO of Sivo
“At Sivo, we’re allowing businesses to get access to debt capital in days, not months, so founders can grow their businesses without having to deal with traditional debt facilities that are often slow, costly, dilutive and inflexible.This partnership with Ntropy is key for lenders to quickly grow their business as many need speed and efficiency in data ops that reduces OpEx, drives improved underwriting and increases growth. Ntropy will help lenders reach more borrowers with trusted credit products globally.”
Nare Vardanyan, Co-founder and CEO of Ntropy
“In lending, risk and capital are all that matters. While Ntropy is helping lenders to get better at risk via better data, access to capital efficiently and on reasonable terms still remains a huge challenge. Partnering with Sivo solves this. We are excited to partner with them to ensure the best experience for our common customers. Looking forward to serving many more together”