Skyecap, the fintech startup, is changing Australia’s small and medium enterprise (SME) lending industry with its new AI-powered platform. Founded in 2018, Skyecap has experienced exponential growth, processing over 90,000 loan applications in the past year alone, with an industry-leading 85% approval rate.
Andrew Spira, Skyecap’s managing director, attributes the company’s success to its proprietary algorithm, SkyeAI. “Our technology goes beyond traditional credit scores and balance sheets,” Spira explains. “SkyeAI analyzes a comprehensive range of data points, from social media sentiment to local economic forecasts, allowing us to make more informed lending decisions at unprecedented speeds.”
Skyecap’s achievements speak volumes about its impact on the SME lending sector. The company has seen a 500% increase in its client base over the past 12 months, boasting a remarkable 97.5% client satisfaction rate. With a default rate of just 2.5%, significantly lower than industry averages, Skyecap has proven the effectiveness of its advanced approach.
The company has expanded its services into green technology solutions, demonstrating its dedication to sustainable business practices.
Skyecap’s growth comes at a crucial time for Australia’s SME sector, which accounts for 99.8% of all businesses in the country and employs 68% of the workforce. The company’s ability to provide fast, flexible, and accessible funding has been a game-changer for many businesses previously overlooked by traditional lenders.
“We’re not just a lender; we’re opportunity unleasers,” Spira emphasizes. “Our technology allows us to say ‘yes’ when others say ‘no’ because we can see the full picture of a business’s potential.”
The company’s approach extends beyond lending. Skyecap recently announced the expansion of its services to include advanced data analytics and predictive business intelligence. Additionally, the company is exploring opportunities in green technology solutions, aligning with Australia’s commitment to reaching net-zero emissions by 2050.
As Skyecap continues to reshape Australia’s business landscape, Spira offers a final reflection: “We’re sparking a revolution in how small businesses think about growth and opportunity. Every new client we bring on board is another step towards transforming Australia’s economic landscape.”
For more information about Skyecap and its innovative lending solutions, visit https://skyecap.com.au.
About Skyecap:
Founded in 2018, Skyecap is a leading Australian fintech company specializing in small and medium enterprise solutions. Using advanced AI technology, Skyecap provides fast, flexible, and accessible growth services for SMEs.
Contact: Andrew Spira, Managing Director Skyecap Email: press@skyecap.com.au