Fundwell
Fundwell matches small and medium-sized businesses to funding from over 60 lending partners, using AI for financial document analysis, data extraction and automated risk assessment.
Fundwell is a funding platform for small and medium-sized businesses that matches applicants to multiple funding options drawn from a network of more than 60 lending partners. The company's technical work concentrates on artificial intelligence applied to financial document processing: automated document analysis, data extraction, and automated risk assessment and profiling. Its proprietary system, Nebula AI, analyses financial documents in seconds, extracting data and carrying out risk assessment in order to shorten approval times.
The wider Fundwell Platform uses matching and risk-profiling technology to fit businesses with funding options against their financial profile. Fundwell reports that clients across more than 50 industries have accessed over $1 billion in capital through the platform, and that thousands of small and medium-sized businesses have used it. The company is industry-agnostic in its underwriting coverage.
Fundwell describes its approach as combining AI technology with ethical practices, and cites a Better Business Bureau A+ rating and a Trustpilot score of 4.9/5 as measures of customer outcomes. The company operates from New York and Miami. Founding year, team size and funding details are not disclosed.