Credit risk management platform for builders' merchants
Company is closed
Event Year: 2023
Company is closed
Event Year: 2023
Paperplane was designed to empower builders, plumbers, and timber merchants by proactively managing their credit risk. The platform aimed to predict customer defaults at least four weeks in advance, providing a significant advantage over traditional methods. Instead of depending on standard credit reports and delayed public information, Paperplane leveraged a company's internal transaction data, coupled with insights gathered directly from sales representatives. This approach facilitated more precise and real-time risk assessments, enabling merchants to make informed decisions and minimize potential losses. However, the company is now inactive.
Paperplane was designed to empower builders, plumbers, and timber merchants by proactively managing their credit risk. The platform aimed to predict customer defaults at least four weeks in advance, providing a significant advantage over traditional methods. Instead of depending on standard credit reports and delayed public information, Paperplane leveraged a company's internal transaction data, coupled with insights gathered directly from sales representatives. This approach facilitated more precise and real-time risk assessments, enabling merchants to make informed decisions and minimize potential losses. However, the company is now inactive.
Total Raised: Unknown (Y Combinator backed)
Last Round: Winter 2023
Total Raised: Unknown (Y Combinator backed)
Last Round: Winter 2023
Fintech
Fintech
Fintech -> Credit and Lending
Fintech -> Credit and Lending
Team size: 5
Hiring: No
Team size: 5
Hiring: No