- Bryan Carroll, former TNEX chief, now leads SMEApprove, a Credit-Decisioning-as-a-Service (CDaaS) platform.
- SMEApprove targets banks, fintechs, and lenders supporting the global SME sector.
- The platform aims to address the $5.7 trillion funding gap experienced by SMEs.
- Carroll believes traditional lending models and limited data sets prevent proper service to underserved SMEs.
- SMEApprove enhances credit decisioning by providing access to alternative data sets and uses AI to assess over 300 data points in loan applications.
- The platform includes a loan monitoring tool to help banks track administered loans.
- Mbanq, a Banking-as-a-Service (BaaS) provider, has adopted SMEApprove’s solutions across all client platforms.
- Carroll is also the CEO of InclusionFS, which helps banks in emerging markets adopt socially inclusive strategies.
