Case Study: Torpago achieves dynamic credit limit gains with Heron Data

Setting Dynamic Limits for Torpago

Torpago, a financial technology company, faced challenges in its small business underwriting due to low data diversity and a highly manual process. Manually summarizing financial data from non-Torpago accounts was time-consuming and made it difficult to accurately set dynamic credit limits and monitor its portfolio. This led to operational inefficiencies and increased risk for the company.

By implementing Heron Data's service, Torpago automated its cash-based profit and loss creation and gained access to enriched financial metrics. Heron Data's solution empowered Torpago's team to make faster, more accurate underwriting decisions and continuously monitor client financial health. This resulted in a 50% increase in revenue, saved up to 96% of underwriting time, and decreased delinquency rates below 1% for the 2022 approval vintage.

Torpago

Brendan Coons

Director of Risk