Head of SimpleFinance spoke at the conference “Microfinance: International Experience” in Prague.

On October 17, 2019, Alexey Basenko, CEO of SimpleFinance, Russia’s largest fintech lender for SMEs, presented the high-tech financial services platform TenderHub (part of the SimpleFinance group) at the Microfinance: International Experience conference and talked about its competitive advantages in the modern market.

TenderHub platform provides a wide range of credit and guarantee services for small and medium-sized businesses. It is based on the latest technological solutions that simplify and speed up the process of issuing bank FЗ, 223-FЗ.

“Our platform provides reliable and efficient information exchange, thanks to direct integration with banks via API, quick submission and signing of all documents online in one “click”, the use of an electronic digital signature that has the same legal force as physical, as well as automatic analysis of customer data when filling out the questionnaire” said Alexey Basenko. He emphasized that it minimizes the time spent on filling of an application, which takes 15-20 minutes and does not tie to the location. After submitting an application, the system automatically updates all the data, takes information from open resources – it takes less than one minute.

 

The intuitive interface of the TenderHub platform allows you to quickly navigate and create applications. A wide range of functions, a notification system (e-mail, chat) and many other services are provided in the user’s personal account. Recently, TenderHub received Skolkovo resident status, which will attract the expert community of the IT cluster of the innovation center, and also opens up opportunities for new partnerships with leading fintech companies and the IT sector.

“In the near future, we will scale the platform by joining new banks and MFIs to provide a full range of credit and guarantee services for small and medium-sized businesses,” Alexey Basenko summed up in his speech. “Our own methodology will be used as the basis for assessing the creditworthiness of borrowers using big data analysis and machine learning.”

 

As a reference
The conference “Microfinance: International Experience” is the first foreign event of NAUMIR, RMC for owners and managers of MFIs, CPCs and pawnshops. The main objective of the conference is to pay attention to the peculiarities of the European microfinance market in order to exchange experiences, introduce the best European practices for working in the Russian Federation, and assess the prospects for companies to enter foreign markets.