QUASH.ai Lands $3.7M Seed Round to Expand Latin American AI Credit Platform

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QUASH.ai helps credit risk managers automate the decision-making process through 14 pre-trained financial models fed by over 30 million repayment events in 10 Latin American countries. 

The $3.7 million investment will enable QUASH.ai to expand their reach to over 1,000 financial institutions in the next three years.

QUASH.ai CEO Yoel Gavlovski says 8 out of 10 borrowers in the region don’t qualify for credit with favorable interest rates and terms based on quality standards. Using alternative data sources would allow 4 out of those 8 to obtain some type of loan and allow lenders to increase credit originations by at least 20 percent without additional risk. Yoel expects over 100 financial institutions to use QUASH by 2023.  

“We are dedicated to providing credit risk managers with the technology they need to make informed decisions and improve the lives of individuals and Small & Medium Businesses in Latin America." CEO and Founder Yoel Gavlovski said in a company release.

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