Smart Lenders AM and Credit.fr have recently announced a new partnership that seeks to boost lending to SMEs. According to Credit.fr, Smart Lenders AM will invest in their loans. Simultaneously, the two companies will embark on an “ambitious” research program to apply artificial intelligence (AI) to the selection and analysis of platform borrowers.
Smart Lenders AM is said to be the European leader in investing in online loans in the US having raised more than $250 million from European institutional and professional investors. Credit.fr is one of the leading online lenders for small businesses in France. The company states that after several months of auditing and review, this new partnership confirms the seriousness of the platform and its teams and the relevance of its savings and credit solution.
Erich Bonnet, President of Smart Lenders AM, said they are very happy, after long months of due diligence and working with the Credit.fr teams, to announce the partnership.
“We were convinced of the high quality of Credit.fr’s teams and processes.”
Thomas de Bourayne, President of Credit.fr: added that the commitment of Smart Lenders AM to increase their funding capabilities will allow them to offer more opportunities to their community of lenders.
“The announcement should comfort the 18,000 private lenders already registered on the platform who will now lend alongside a demanding financial institution. The arrival of Smart Lenders AM will enable Credit.fr to seek out larger financing projects, increase the number of files posted each week and expand internationally,” de Bourayne said. “dJust like Smart Lenders AM, we put risk analysis at the heart of our strategy and are particularly excited to associate Smart Lenders AM with our R & D Scoring program around of artificial intelligence. “
Bourayne added that just like Smart Lenders AM, they put risk analysis at the heart of their strategy and are particularly excited to associate Smart Lenders AM with their R & D Scoring program surrounding artificial intelligence.
“We share the same views on the great potential of artificial intelligence applied to the lending business,” said Bonnet.