Precise Finance
Precise offers a Commercial Credit OS that enables brands to embed financing into their platforms, improving monetization. Their AI-powered solution automates labor-intensive aspects of commercial credit portfolios, including sourcing, underwriting, monitoring, reporting, deployment, collection, and recovery. Precise provides instant infrastructure, full control with minimal effort, and scalability from day one. Their system features AI-powered risk assessments for fast, data-backed decisions, real-time monitoring with automated alerts for proactive risk mitigation, and automated collections and recovery strategies. They focus on empowering wealth managers, investors, and financial institutions to invest in smaller businesses, bridging the financing gap by offering enhanced underwriting, seamless collections, comprehensive investment monitoring, and scalable software services.
Precise Finance
Precise offers a Commercial Credit OS that enables brands to embed financing into their platforms, improving monetization. Their AI-powered solution automates labor-intensive aspects of commercial credit portfolios, including sourcing, underwriting, monitoring, reporting, deployment, collection, and recovery. Precise provides instant infrastructure, full control with minimal effort, and scalability from day one. Their system features AI-powered risk assessments for fast, data-backed decisions, real-time monitoring with automated alerts for proactive risk mitigation, and automated collections and recovery strategies. They focus on empowering wealth managers, investors, and financial institutions to invest in smaller businesses, bridging the financing gap by offering enhanced underwriting, seamless collections, comprehensive investment monitoring, and scalable software services.
TL;DR
Product: Commercial Credit OS that lets platforms embed and operate branded commercial credit programs
Tech: AI-powered automation for sourcing, underwriting, monitoring, reporting, collections, and recovery
Business model: Provides funding by purchasing a percentage of merchants' accounts receivable (not loans)
Funding: Seed round Jan 2023; investor listed as World Trade Ventures (amount undisclosed)
Origins & HQ: Launched Jan 2021; founding location listed as Tel Aviv-Yafo, Israel; HQ listed in New York, NY
Company Overview
Problem Domain
Commercial credit for smaller businesses and embedded financing for platforms/brands aiming to offer or monetize financing programs.
Founded
2021
Industry
Fintech
Funding Track Record
Investor Signal
“Seed investor: World Trade Ventures (investment amount not disclosed)”