Chris you couldn’t have said it better!
Overdue post about what we're doing at Lyta We offer a white-label solution for banks and other lenders (focused on small and medium businesses) to streamline data acquisition, automate calculation of key underwriting metrics, and conduct enhanced due diligence. We're also building out monitoring and portfolio-level risk calculations. A lot of lenders in the SMB space don't necessarily know whether a borrower is in trouble until they miss a payment. We believe we can drastically shrink the error bars on loan-loss provisions by identifying at-risk borrowers ahead of time. (e.g., how many have dipped from profit to loss, how many are reliant on customers that are stretching their payment schedule or under duress themselves?) Interested? Here's what we're looking for: - Lenders to SMBs: Whether in banking or private credit, we'd love to show you a demo and discuss a design partnership. This is our primary focus. - Equity investors: We think there might be a use case here, especially when it comes down to calculating metrics without revealing more of the portco's confidential financial information than is typical in this situation... and/or easing the reporting burden on the portco. - CFOs, etc: We've heard some feedback that some of our analytics could be useful for a business's own operations. We're also game to explore this (especially if it dovetails into lead-gen for lenders). - Intros to the above