Case Study: Fundomate improves risk assessment and funding speed with Accern

Accern Helps Fundomate Automate Business Funding and Assess Risk

Fundomate, a business funding company that white-labels alternate funding products for partners like PayPal and Square, needed a way to improve credit risk assessment, continuously update its model, and reduce credit defaults. Accern provided an AI-based, no-code data science platform to help automate this critical lending process.

With Accern’s customized implementation, Fundomate automated credit risk scoring using alternative, non-biased data and adaptive machine learning, supported end to end from data collection through infrastructure. The result was a jump in predictive accuracy from 87% to 94%, helping Fundomate make faster funding decisions with fewer human touchpoints and better scalability.

Fundomate

Sam Schapiro

Chief Executive Officer