Case Study: Outfund achieves 5x faster underwriting with Heron Data

Increasing Underwriting Speed for Outfund

Outfund, a European e-commerce investor providing growth financing, faced significant challenges due to the manual categorization of business revenue data. This time-intensive process, handled by their Head of Risk & Business Intelligence Brad Shaw, was slow, prone to error, and created a poor customer experience with delays that risked applicants seeking funding elsewhere. To overcome these hurdles, Outfund turned to the data enrichment services from Heron Data.

By implementing Heron Data's solution, Outfund achieved highly precise automated categorization of revenue transactions. This enabled the company to fully automate its repayment collections and drastically increase its underwriting speed. The results were a 5x increase in processing speed for UK businesses, allowing them to handle five times the application volume, alongside improved customer experience and better recovery rates due to early identification of potential financial distress.

Outfund

Brad Shaw

Head of Risk & Business Intelligence