Samunnati, one of India’s largest agri enterprises, has signed an agreement with Singapore-headquartered B2B SaaS FinTech, finbots.ai, to transform credit risk management using AI.
With this, Samunnati becomes the first agri enterprise in India to incorporate advanced AI-based solutions into a key pillar of its business, supporting its mission to drive greater financial inclusion for smallholder farmers and agri enterprises. Through this partnership, Samunnati has become the first client of Accel-backed finbots.ai in India.
With creditX, finbots.ai’s AI-powered credit modelling platform, Samunnati will be able to develop high accuracy custom credit models on demand, enabling it to scale its agri and MSME supply chain financing business with reduced risk. Samunnati will also be able to process new applications instantly, resulting in improved efficiency and greater agility in operations.
Samunnati made the decision to sign with finbots.ai after an extensive evaluation via a proof of concept using historical data.
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