Kube Money

We are delighted to announce that KubeMoney has been selected to join the NatWest Accelerator. NatWest, one of the four largest banking groups in the UK, will provide us access to their ecosystem, enabling us to scale our open banking-powered risk insights and lending infrastructure. The NatWest Accelerator program offers free workspace, providing a professional environment without overhead costs. It facilitates valuable networking opportunities with peers, industry leaders, and potential collaborators. Participants also gain access to a network of investors, increasing their chances of securing funding. Additionally, the program provides robust business growth support, offering guidance on strategy, operations, and scaling, and helps startups explore new markets and build their brand. The main NatWest brands in the UK include NatWest (National Westminster Bank), Royal Bank of Scotland (RBS), Ulster Bank (in Northern Ireland), Coutts (private banking), and Lombard (asset finance), among others. Thank you all for your support and confidence in our endeavour. #openbanking #riskinsights #cashflow #BNPLcard #Affordablefinance

What an exhilarating experience it has been for Kube Money at Web Summit Qatar! As one of the featured startups from UK, we have been overwhelmed by the incredible attention and support KubeMoney received. The opportunity to connect with fellow tech founders, visionary investors, and forward-thinking bankers has been nothing short of inspiring. We have had the privilege of exchanging ideas, forging partnerships, and exploring collaborative opportunities with some of the brightest minds in the industry. At KubeMoney, we're on a mission to revolutionize the way individuals and businesses are scored for credit and manage their finances, and the enthusiasm we've encountered at Web Summit Qatar fuels our passion even further. Stay tuned for more exciting developments from KubeMoney! #WebSummitQatar #Innovation #DisruptivePropositions #openbanking #smbfinance

Breaking Barriers: Unveiling Legacy Credit Scoring Flaws and Solutions with KubeMoney 🛠️💡 🌟Credit scoring is a crucial aspect when transitioning into a developed market, as your creditworthiness is evaluated for various purposes beyond just accessing credit. Often, we hear about individuals struggling to establish their credit score. I decided to approach it as a fun challenge and managed to significantly exceed the UK average consumer score benchmark by a wide margin within just four months, achieving an 'Excellent' score in both Transunion and Equifax. Now, getting loan offers of big ticket size continuously while while a significant number of long-time residents are still unable to secure loans despite having the financial means to repay them. The reason I shared the story is because this experience highlights the flaws of traditional credit scoring systems TransUnion or Equifax. These systems never look at important factors such as bank account details and transaction insights, focusing only on a few criteria on existing credit and few other demographic stuff. Leveraging our extensive background in lending business, risk management, and technology, we found it easier to build an excellent score in 4 months. But, this process isn't as straightforward for many consumers and small businesses. 💥Here's where KubeMoney's open banking-powered affordability score comes in. But what exactly is an affordability score? It takes into account factors like income, expense categorization, and past credit commitments based on bank account transactions through open banking. Kube's Affordability Score serves as a complement to users with poor or lower traditional credit scores, and our partner lenders use it to provide financing to SMBs. This white-label product is available for any lender to leverage our infrastructure. 🚀 Exciting update! We've successfully onboarded one of the largest digital lenders in the UK onto the Kube platform, enhancing access to finance for SMBs. Additionally, we're collaboratively launching a new product along with our lending partner. Furthermore, we're finalizing a deal with a prominent digital core banking operating system in the UK, integrating our white-label scoring and lending infrastructure. We are working to leverage existing machine learning (ML) and large language model (LLM) models to take the the scoring engine to next level to make more SMBs credit worthy. #creditscore #affordabilityscoring #embeddedlending #digitalbanking #smallbusiness #creditscore

We're excited to announce that KubeMoney has been selected to showcase its value propositions at Web Summit Qatar 2024! Join us at our Kube Money exhibition booth on February 27th in Qatar. As the largest technology conference in the world, Web Summit is making its debut in the Middle East and North Africa (MENA) region, hosted by Qatar. This presents a unique opportunity to connect the region's tech scene with a global audience, fostering growth and innovation. Here's why this is a game-changing event: 🎤 Incredible Speakers: Industry experts and thought leaders share their insights and expertise. 🤝 Unparalleled Networking: Opportunity to connect with entrepreneurs, top-notch investors, and professionals from around the world, creating opportunities for collaboration and growth. In 2023, Web Summit, the largest tech conference in the world, held its flagship event in Lisbon as usual. The event drew an impressive attendance of 70,236 individuals from 153 countries. We can't wait to immerse ourselves in this incredible event and connect with the right people for the open banking and digital bank space, as we are here to thrive and already onboarded 4 big partners in UK. Our white-label lending infrastructure is being integrated into the digital core solution of a prominent UK-based brand. The surge of open banking and digital banking from the UK is gaining rapid traction in the MENA region. #websummit #openbanking #digitalbanking #embeddedlending

Assessing loan repayment likelihood relies on accessing income information and analyzing transactional data for a comprehensive view of stability, volatility, and expenses. Kube Affordability Score considers income, expense categorization, and past credit commitments of bank account transactions via open banking. Cashflow-based underwriting act as an alternative or addition to traditional credit bureau score-based underwriting, ensuring lenders have the necessary data for fair decisions. Today we onboarded one of the largest digital lenders on Kube platform to ensure smooth access to finance for SMBs. Announcement will follow soon. Six million SMBs, considered the backbone of the UK economy, account for three-fifths of UK employment and half of turnover. Praetura's survey indicates that 43% of small businesses find accessing funding challenging. Sonovate's research shows a growing difficulty in accessing finance from UK banks, leading SMEs to turn to fintechs. KubeMoney is going to offer seamless finance access for SMBs. SMBs can by connect their bank accounts to the KubeMoney app and build affordability scores and apply for different loan products from Kube lending partners. This is first cut MVP and will unveil the final version soon. #digitalbanking #digitallending #openbanking #smbfinance

Kube Money has officially gone live with open banking platform DirectID. This strategic partnership aims to streamline lending processes for both small and medium-sized businesses (SMBs) and individuals by bolstering credit decision capabilities. Through this integration, KubeMoney has established connections with 114 banks across the United Kingdom, marking a significant milestone in expanding accessibility and functionalities of open banking. This partnership promises faster and more straightforward processes for those seeking loans, while also enabling lenders, digital platforms, and non-financial brands to make precise decisions about their customers’ credit risk. #digitalbanking #openbanking #embeddedfinance #affordabilityscoring

Six million SMBs, considered the backbone of the UK economy, account for three-fifths of UK employment and half of turnover. Praetura's survey indicates that 43% of small businesses find accessing funding challenging. Sonovate's research shows a growing difficulty in accessing finance from UK banks, leading SMEs to turn to fintechs. KubeMoney is facilitating seamless finance access for SMBs. SMBs can by connect their bank accounts to the KubeMoney app and build affordability scores and can access to finance from Kube lending partners. #openbanking #affordabilityscoring #smbfinance #digitalbank

Assessing loan repayment likelihood relies on accessing income information and analyzing transactional data for a comprehensive view of stability, volatility, and expenses. Kube Affordability Score considers income, expense categorization, and past credit commitments of bank account transactions via open banking. Cashflow-based underwriting as an alternative or addition to traditional credit bureau score-based underwriting, ensuring lenders have the necessary data for fair decisions. We are bringing on board FCA-authorized credit brokers and digital lenders to ensure smooth access to finance for SMBs. #embeddedlending #affordabilityscore #kubemoney #openbanking #smbfinance

🚨 Exciting news alert! 🚨 🤝 DirectID proudly unveils its latest collaboration with Kube Money, propelling the embedded lending industry into a new era of hyper-precise lending decisions. 🚀 With Kube's state-of-the-art platform for embedded lending, we're unlocking new possibilities for consumers and SMEs to become creditworthy, providing faster & fairer access to finance for all. Find out more about the partnership here 👇 https://lnkd.in/eBWmJc6Y #fintech #lending #creditrisk #riskdecisioning #openbanking 

KubeMoney is unveiling an affordability scoring platform driven by cash flow, utilizing insights from open banking, and extending its lending services to small and medium-sized businesses (SMBs). With current connections to 114 banks and ongoing efforts to link with over 100 lenders, KubeMoney offers a dual solution. Digital platforms or SAAS verticals can integrate KubeMoney's embedded finance infra, providing small and medium-sized businesses (SMBs) with seamless access to finance. Alternatively, SMBs can directly download the KubeMoney app, build their affordability score, and gain access to SMB finance. SaaS verticals like accounting, commerce, and payments are changing how small businesses get loans: 📉 Low Cost Solution: By including loans in SaaS platforms, lenders can cut costs for finding customers, checking credit, and managing loans. This also helps reduce the chances of losing money on loans, making the lending process more efficient and less risky. 🪡 Cashflow based Lending: Small businesses can now use their cash flow to get financial help, giving them new opportunities to grow. These platforms let lenders make credit decisions using real-time business data, providing more accurate and personalized financial solutions for small businesses. 📥 Seamless User Experience: The integration into SaaS platforms allows small businesses to access financial services right in the software they use every day. This smooth experience eliminates the challenges of traditional loan applications. #openbanking #digitalbanking #embeddedfinance #cashflow #kubemoney