Krea’s new AI-solution helps lenders to acquire more customers and reduce underwriting costs
Many lenders have been struggling to service small business customers efficiently. Underwriting costs are high because lenders have low visibility about what rate a customer might accept. This results in lenders spending the majority of their time on leads that do not convert or generate revenues. Krea is expanding its financing service with a new AI-solution that helps lenders to acquire more customers and reduce underwriting costs. By using Krea’s Bid Attractiveness score lenders receive instant feedback about how likely their offers are to convert. Thereby, enabling them to focus on the