SME Lending

The 100% digital journey starts here

Most businesses ask their financial advisor or primary bank for advice on financing. Getting from understanding the best solution to getting money should take a few clicks, not a few weeks. The key to make that possible is to make the entire customer journey 100% digital.

Fyndoo offers a comprehensive, 100% digital solution for financial advice for SMEs. This solution can be used by external or your own financial advisors. Build different financing scenarios and turn the selected one into a loan application with a single click.

In a few clicks from application to cash

Applying for a loan should be seamless and easy. The application process is transparent and quick. Your customer uses a mobile app or a web app to complete everything. Easy, right?

We understand that a bespoke customer experience is essential for your competitive positioning. That is why Fyndoo offers a comprehensive Open Lending API your mobile and web developers can use to create a fantastic user experience that fits your brand and proposition.

Beat the competition on efficiency and performance

Origination is the process that makes or breaks your lending business. Fyndoo approaches lending to SMEs as a highly automatable, efficient process.

Fydoo is really flexible. Formulate your own underwriting criteria in easy to understand business rules. Implement your unique risk model in our low-code environment. Create highly efficient straight-through processes or implement a more tailored financing approach. You are in complete control!

The many integrations make origination digital, reliable and efficient. Fyndoo champions XBRL and Open Banking standards. Fyndoo integrates with credit bureaus across Europe and various company data providers and credit rating agencies.

Strike the balance between flexibility and efficiency

Fyndoo supports five core loan management capabilities that can be combined in any process. Cover all possible loan management scenarios by combining these five core capabilities:

1. Phased withdrawal - supporting building deposits, project finance deposits etc., where the loan disbursement is phased or event-based.

2. Early repayment - when the customer pays the loan early or in full.

3. Interest rate revision.

4. Amendments - contract changes initiated by the customer. For example, to extend the duration of the loan to lower monthly terms.

5. Review and monitoring - these are bank-initiated processes integral to loan management. That can be a regular process (like a yearly monitoring on covenants) or a specifically initiated review.

Each of the core capabilities have an optimized user interface, making loan management efficient. The Fyndoo workflow management system underpins each process, giving you the flexibility to change the workings of each process.

Let complexity not get in the way of efficiency

Fyndoo supports all scenarios for disbursement and repayments in SME Lending. For example, a client’s irregular cash flows may result in irregular repayment behavior. Or, a conditioned disbursement scheme needs to be followed. Whatever the complexity, Fyndoo has your back and keeps loan execution very efficient.

Fyndoo has extensive covenant management capabilities. Especially with large tickets, traditional collateral may not be sufficient to secure a loan. This makes covenants important for SME Lending. Fyndoo supports the registration, management and monitoring of covenants during the lifetime of a loan.

Stay in control

There are many dynamics at play that impact the credit risk of a loan. Economic conditions may change that impact certain sectors heavily. Or ownership of a company changes that impacts equity capital and free cash flow. Or a newly determined energy label of collateralised real estate impacts LTV. Whatever the dynamic, Fyndoo makes sure you’re on top of it!

Fyndoo uses a powerful workflow engine to support all kinds of monitoring processes. A monitoring workflow can be kicked off by a set interval, the submission of an annual report, specific repayment behavior or upon request. In turn, a monitoring process can initiate an amendment or other loan management process so that the loan contract is adapted in accordance with the observed changes.