Credibly, an AI-powered lending platform for small and medium-sized businesses (SMBs), has been granted a significant U.S. patent for its proprietary technology that integrates generative AI and machine learning into the underwriting process. This patent solidifies the company's innovative approach to transforming small business lending from a manual, time-intensive task into a fast, automated, and highly accurate system.
Quick Intel
Credibly was granted U.S. Patent No. US 12,443,612 B2 for its generative AI underwriting system.
The technology uses multiple trained neural networks and a proprietary search engine.
It automates the manual underwriting process, increasing speed and accuracy for SMB loans.
The system is designed to assess affordability precisely and generate better-matched financing offers.
This innovation helps small business owners access working capital much faster.
The patent validates Credibly's deep investment in AI as a core operational capability.
Transforming Traditional Underwriting
The newly patented system addresses the inefficiencies of traditional underwriting, which relies on manual evaluation and verification of each application. Credibly's first-of-its-kind proprietary search engine leverages generative AI, trained neural networks, and extensive historical data sets to streamline application reviews. This modernized workflow replaces manual steps, leading to faster funding decisions and a more seamless experience for business owners.
A Validated Vision for AI in Lending
The grant of this patent serves as a formal recognition of Credibly's pioneering work in applying advanced AI to the financial sector. The technology is integrated into the core of their operations, enabling more precise risk management and more tailored financial products for their clients.
Ryan Rosett, co-founder and co-CEO of Credibly, stated, "Securing this patent is a powerful validation of our team's vision to reimagine underwriting utilizing AI. As far as we know, this is the first search engine to apply Generative AI with Multiple Neural Networks and Machine Learning to working capital origination at scale. With this patent now issued, we're doubling down on bringing these capabilities to even more merchants and partners, helping more small business owners get funded faster."
Minyang "MJ" Jiang, Chief Strategy Officer at Credibly, said, "This patent reflects how deeply AI has become part of Credibly's DNA. We've been intentional about weaving Generative AI and Machine Learning into every layer of our operations — not as a side project, but as a core capability that accelerates how we serve small businesses."
This patent grant marks a key milestone in the fintech industry, signaling a shift towards intelligent, AI-native platforms that can make capital more accessible and decision-making more efficient for the small business ecosystem.
Credibly is a fintech lending company that improves the speed, cost, experience, and choice of capital for SMBs. The company provides balance sheet, syndication, and off-balance sheet funding options.
Founded in 2010, Credibly has provided access to more than $3 billion in capital to over 60,000 SMBs, while maintaining a strong emphasis on risk management and a culture of compliance. Credibly made history in 2017 as the first company in its field to acquire the servicing rights to another alternative lender's portfolio ($250 million). The company has achieved steady growth, operated continuously throughout the COVID-19 pandemic, and recorded exceptional origination numbers.
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