Case Study: Ritmo halves underwriting review time with Heron Data

Doubling Underwriting Throughput for Ritmo

Ritmo, a provider of invoice financing for eCommerce businesses, was facing a challenge with long application review times that limited their underwriting throughput and number of funded deals. They partnered with Heron Data to gain access to its cash flow data and insights, which helped address this primary blocker.

The solution involved using Heron's platform to instantly assess applicant health through revenue and debt classification, a cash-based P&L, and credit spreads. This implementation allowed Ritmo to halve the time spent reviewing applications from 45 minutes to under 20 minutes per company with higher accuracy. Heron Data was a major catalyst in automating Ritmo's entire credit process, ultimately enabling them to unlock growth for more clients.

Ritmo

Paula Tutusaus

Credit Risk Team Lead