Lending to SMEs has traditionally been high risk and high cost. A loan of €100,000 can cost as much as €6,000 to set up and maintain, leaving thin margins for lenders, and small value loans unprofitable. Luna Connect transforms SME lending by creating higher returns from lending to SMEs.
Luna Connect is a technology platform that profitably delivers the digital efficiencies that borrowers expect. Built from scratch for lenders, it streamlines the due diligence process with algorithms that employ alternative data and machine intelligence. Manual decisions are replaced with a hybrid of human and artificial intelligence, reducing loan application and decision times from days to minutes.