eFunder.ai eFunder.AI offers an artificial intelligence (AI)-driven digital financing platform for SMEs.
You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media.
eFunder.ai is an AI-driven digital private financing platform that offers revenue backed financing solutions to small and medium businesses, thereby enabling them to accelerate their business growth by leveraging current and future receivables. eFunder.ai is focused on enabling the most convenient hassle-free access to financing for small and medium businesses by enabling them to leverage on their current and future revenues/receivables to raise funds and accelerate their growth. With its unique verticalized and machine learning driven approach to credit underwriting combined with automated digital integrations, eFunder.ai has built robust scalable solutions to solve the financing needs of small and medium businesses in a hassle-free manner, which allows them to focus on business performance. This alleviates significant financial stress for SMEs, and acts as a key line of financing for their business growth, while allowing them to retain ownership control of their business. "Instant cash consistent cash flows" is the company's motto towards which eFunder.ai is building new age solutions with an aim to be the leading digital financing solution for SMEs in the MENA region and beyond.
- FOUNDED IN: 2020
- SECTOR: Fintech
"eFunder.ai aims to build the future of financing by enabling ease of capital access to SMEs via digitally integrated and AI-driven credit underwriting solutions that are currently lacking in the market. eFunder.ai's real-time evaluation at the point of sale provides significant analytical insights that goes beyond traditional methodologies of risk assessment, and shows a true picture of SME performance with data and AI-backed machine learning algorithms that can be tracked, traced, and trained to build transparency, efficiency, and a highly secure mode of financing. By serving UAE-based SMEs, we have already enabled the increase in employability at these SMEs by 20-50%, and helped their businesses grow by 2-3x within 6-8 months, while at the same time, leading the way in changing the SME financing landscape in the UAE, MENA, and beyond."
