Worth AI, a pioneering FinTech Software as a Service (SaaS) startup, officially announced the launch of its groundbreaking artificial intelligence (AI)-powered risk management and underwriting platform today.
The company, founded by Sal Rehmetullah and Suneera Madhani, leverages AI to offer real-time data underwriting and risk management, aiming to speed up decision-making, enhance risk accuracy, and standardize the business credit score.
The inception of Worth AI was driven by a critical need to address the existing inefficiencies and challenges in financing for small and medium-sized businesses (SMBs). By employing AI, Worth AI’s patent-pending platform promises to redefine how financial credit worthiness of SMBs is assessed, offering broader access to financial services, reducing risks, improving data transparency, and encouraging economic growth.
Worth AI’s innovative platform is designed to predict the financial futures of businesses, reduce risks, and eliminate biases using real-time data. It processes thousands of traditional and non-traditional data sources to quickly generate a unified WorthScore™️, while constructing comprehensive business profiles within minutes.
The platform’s capabilities are extensive, offering features such as onboarding acceleration, accurate and efficient underwriting, predictive risk monitoring, and the signature WorthScore™️. These features collectively streamline the approval process for business loans, financial services, and lines of credit, providing banks, credit unions, FinTechs, and financial service providers with the tools to accelerate approvals and foster economic equity.
Worth AI’s leadership team, comprising FinTech veterans Sal Rehmetullah and Suneera Madhani, brings together expertise from notable companies like Visa, Dun & Bradstreet, American Express, and Google. The startup has secured over eight figures in pre-seed funding, underlining its aggressive growth plans and commitment to revolutionizing the business credit system.
Sal Rehmetullah, co-founder and co-CEO of Worth AI, stated, “Suneera and I are pleased to come together again and launch Worth AI to address the current challenges and inefficiencies when it comes to financing for SMBs.
“The innovative approach transforms a historically complex and time-consuming underwriting process into a seamless and intuitive experience. The Worth AI platform enhances the efficiency of financial service providers, creates equal access to capital for small businesses and fosters economic growth for all.”
Suneera Madhani, co-founder and co-CEO of Worth AI, added, “We are launching Worth AI because there is a desperate need for data transparency and accurate financial profiling of businesses.
“The credit score has been standardized from a consumer lens, but the business credit score has not – and every financial institution, lender, bank, and fintech is assessing SMBs uniquely, with outdated human decisions and risk engines causing biases in decision making and massive risk of loss. Worth AI is going to set the standard for the new business credit score and I couldn’t be more excited for businesses to know their worth.”
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