Details
- Industry: FinTech
- Location: Washington, USA
- Website: www.primedash.com
Why we invested in PrimeDash
The problem
The lending process has always been a complex dance between financial institutions and SMEs. For financial institutions, the challenges lie in accessing real-time financial reports and analytics for risk mitigation and the lack of full digitalization, which hampers efficiency. On the other hand, SMEs grapple with proving their creditworthiness and the tedious task of annually providing financials, which are often error-prone and time-consuming.
The solution
PrimeDash offers real-time credit data for financial institutions, optimizing business processes for proactive risk management. And for SMEs? It’s a Business Intelligence powerhouse, turning accounting data into actionable insights, ensuring they’re always a step ahead.
Unique traits of PrimeDash
- Integration: Seamless “Plug & Play” modules that integrate effortlessly with major accounting systems.
- Scalability: Adaptable software modules that cater to both SMEs and banks, regardless of size.
- Compatibility: Aligns with major financial reporting standards.
- Pricing: Competitive, thanks to optimized R&D costs.
- User-friendly: Designed for self-service, it’s ready to use without any training.
The market
The numbers are staggering. With multichannel sales expected to rise and over 26 million eCommerce sites globally, the potential is immense. The global credit management software market alone is predicted to grow to over $2,550 million by 2025. And with the digital lending market set to reach $20.5 billion by 2026, the opportunities are endless.
Why now?
The world is changing, and the financial landscape is no exception. With 65 million firms facing an unmet financing need of $5.2 trillion annually and the increasing adoption of digital technologies, the industry is ripe for disruption. Traditional lenders are partnering with fintech companies to offer faster and more affordable services. The time for a solution like PrimeDash is now.
The team
- CEO: A finance consulting veteran with over 15 years of experience and a seat on the Board of Directors.
- COO: An entrepreneur at heart, he founded an IT Software company in Romania focusing on financial business digitization.
- CTO: A fintech software craftsman, the brain behind PrimeDash’s software products, with a track record of developing tech solutions for major fintech companies.
- The Backbone: A dedicated team of 6 internal FTEs in R&D and Management, ensuring PrimeDash’s vision is realized.