ECOLO
A complex IT product developed by our multinational team of mathematicians, statisticians and programmers, together with business communities from different countries. ECOLO is targeting increase in SME lending efficiency, speeding up the decision-making process and improving the quality of the loan portfolio. We are confident that powered with ECOLO we are creating the future of uncollateralized small business lending.
In 2024 we were recognized by Chartis #35 in the world as an AI risk technology provider in a reputable
independent ranking RiskTechAI50
15+
happy customers
Small and medium-sized enterprises solvency valuation system
The main feature of ECOLO is a unique approach to the analysis of a bank's client, that is based on practical business data rather than official financial reports of the enterprises applying for the loan
Such data is collected by filling forms that cover 841 types of SME activities in the trade, services, manufacturing and agriculture sectors. The selection of a suitable form for each client is carried out automatically in accordance with the activity type, and when filling the form, the system determines the cluster (micro-segment) by identifying the similarity of enterprises business structures from the same sector and their grouping by specialization. The territorial factor is also taken into account, as well as various economic situations in a particular territorial unit (city, village, locality, etc.)
5 250 000+
companies in the international database
750 000+
specific regional coefficients
2500+
types of business activity (clusters)
2.9%
payments delay with ECOLO valuation system
183 questionnaires
60 pcs
Services
average time to complete the questionnaire
27 minutes
51 pcs
Production
average time to complete the questionnaire
38 minutes
70 pcs
Trade
average time to complete the questionnaire
22 minutes
2 pcs
Agriculture
average time to complete the questionnaire
32 minutes
Valuation core operating system
It is a model based on a large array of collected structural data taken as a variable X, on one hand, and the calculated estimated profit and income (Y), on the other. More details about main principals of our approach are here.
The entire valuation process is assisted by internal and external verification aimed at defying the quality of data provided by the potential borrower.
Normality demonstrates the consistency of the data filled in the form.
Coherence is the correspondence of the entered data to the segment and territorial cluster of the company.
The final system report is the result of internal and external verifications and applicant's expected income and profit corresponding to its business structure.
