We're solving the SMB funding gap
Covalent spawned from our frustration seeing great businesses denied credit every day. The world has changed, but lending hasn't. We think we can do much better.
SMB's are diverse and run through smartphones. We integrate credit offers in the workflows at the exact point in-app customers need it, and lean on the rich, real time vertical data to build more accurate vertical underwriting models.
Our team has deep experience in SMB underwriting and servicing, establishing and operating the SMB arm and embedded lending program for a bank. More to come soon!
Our Differentiation
Trucking data for trucking models
Did anyone really think you could evaluate a trucker and a laundromat with the same criteria? Using industry relevant data and underwriting standards allows us to actually understand your business, and extend credit where it actually makes sense.
Risk Based Pricing
Our models are parameterised, evaluating borrowers at all levels of creditworthiness. This lets us use risk-based pricing to cover our losses and extend credit competitively across all borrower segments.
Real Time Portfolio Monitoring
We integrate with the software carriers use to run their business every day. Up to date insights provide deep insights into borrowers financial health, well past origination.