Case Study: Ascendus boosts small business approvals with Scienaptic AI

Ascendus Supporting the small business ecosystem with intelligent credit

Ascendus, a New York-based online lender for small businesses, sought to increase loan approvals and streamline its process. The challenge was to assess the creditworthiness of underserved businesses that were difficult to evaluate using traditional data sources alone. This reliance on limited information resulted in low approval rates. Ascendus partnered with Scienaptic AI to integrate an intelligent credit solution to gain a more complete picture of applicants and enable faster, automated decisioning.

Scienaptic AI implemented its AI-powered credit decisioning platform, which integrated directly with Ascendus's Salesforce CL Originate system. The solution utilized over 1,000 alternative data points to assess applicants, reducing reliance on personal credit scores. For Ascendus, this resulted in a 30% increase in approvals for small businesses, a faster turnaround time for decisions, and an overall improvement in their ability to identify and support creditworthy entrepreneurs.

Ascendus

Paul Quintero

Chief Executive Officer