This SMART 100 profile and the information it contains is a duplication of content submitted by the applicant during the entry process. As a function of entry, applicants were required to declare that all details are factually correct, do not infringe on another’s intellectual property and are not unlawful, threatening, defamatory, invasive of privacy, obscene, or otherwise objectionable. Some profiles have been edited for reasons of space and clarity.
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1. THE BEGINNING
This innovation initially came to life when…
We saw a desperate need for fast-growing companies to have greater access to capital to support their above-average growth. We saw lenders struggling to interpret the masses of data being produced across the supply chain, and missing opportunities to service this lucrative market segment. So, we developed the world-first Trade Ledger technology to intercept receivables and inventories-related trading data right at their source and transform it into meaningful investment grade credit risk data for business lenders.
2. WHAT & HOW
The purpose of this innovation is to…
…unlock and transform real-time digital data to accurately assess credit, risk, and fraud. This will enable banks to address the US$1.6T of undersupply in trade finance lending globally, while providing high-growth companies with the working capital needed to sustain growth.
It does this by…
…enabling lenders to make real-time, continuous credit assessments based on supply chain data and the data and communication surrounding every individual invoice. Trade Ledger is the only available platform that helps banks address capital inefficiencies, compliance focus, and disintermediation by tech-enabled market entrants, by placing capital in this sector at scale; it is low risk and secures high-margin returns.
3. PURPOSE & BENEFITS
This innovation improves on what came before because…
We’re the only business lending technology in the world that can assess both structured and unstructured data sets, direct from their source in the supply chain, including the data and communication surrounding every individual invoice, in real-time and on a continuous basis. Most lending technologies currently only assess risk once or twice using a very small sample of invoices.
Its various benefits to the customer/end-user include…
Instant risk assessment/fraud detection that will help banks/traditional lenders fight off competition from newer fintechs and global technology behemoths (Amazon, TenCent, Alibaba plus better cash flow for fast-growing companies that need cash, through increased availability of credit.
4. COMPETITIVE LANDSCAPE
In the past, this problem was solved by…
Nothing. This is why there is a US$1.6T undersupply of trade finance lending globally. We’re the world’s first SME lending platform to unlock this amazing level of real-time data, from so many locations. We’re also the first open banking platform that resolves the two main challenges facing banks: improving cost/income ratio, and creating capital efficiencies within a high-risk lending segment.
Trade Ledger is the world’s first and leading SME lending platform. There is no other technology in existence in the same category as ours.
5. TARGET MARKET
It is made for…
All SME lenders, from big banks to alternative lenders. We provide banks our platform of prebuilt components including API connectors, credit analytics, customer application and on-boarding workflows, invoice management, user & account management, data transformations and mapping, other reports and dashboards. We white-label the platform in a custom bank front-end that provides a complete customer digital UX and encapsulates all of the processes the bank customer interacts with online. Trade Ledger creates a huge opportunity for Australian banks/specialist business lenders to export financial services globally.
It is available for sale through…
Our company. Customers can contact us for a product demo directly through Trade Ledger’s website.
Our marketing strategy is to…
Target financial and technology publications and leaders of industry. As a B2B service, Trade Ledger’s excellent customer satisfaction ratings and zero churn rate will propel business through word-of-mouth referrals. We’re also not shy of voicing our opinions in the media, and have already won a number of local and international awards that tend to start some conversations.
FINE PRINT: This SMART 100 profile and the information it contains is a duplication of content submitted by the applicant during the entry process. As a function of entry, applicants were required to declare that all details are factually correct, do not infringe on another’s intellectual property and are not unlawful, threatening, defamatory, invasive of privacy, obscene, or otherwise objectionable. Some profiles have been edited for reasons of space and clarity.
Maven Judge Vote: Trade Ledger Digital Business Lending Platform – Smart 100 2018
(Please note – The form below is for judging purposes only and is restricted to the public)
