Cardo AI, a leading technology platform for asset-based finance and private credit, has announced a strategic partnership with Multitude Bank p.l.c., a subsidiary of listed Multitude AG. This collaboration leverages Cardo AI’s platform to automate and streamline Multitude Bank’s asset-based lending (ABL) operations, improving efficiency and transparency in funding solutions for small and medium-sized enterprises (SMEs).
The partnership focuses on automating critical aspects of Multitude Bank’s ABL processes. Cardo AI’s platform integrates loan, collateral, and counterparty data into a single system, providing real-time insights into portfolio performance and covenant compliance. This consolidation enables faster decision-making and more flexible funding structures for SMEs while upholding regulatory standards.
“Technology is the key to accelerating growth in asset-based credit,” said Altin Kadareja, Co-Founder & CEO of Cardo AI. “By automating and streamlining critical operations, our platform helps institutions like Multitude enhance the efficiency of their ABL businesses and provide faster, more flexible funding solutions to SMEs.” The platform connects to over 160 external systems and processes 5 trillion data points, powering advanced portfolio management and cash-flow modeling. This technological backbone supports scalable operations for financial institutions entering or expanding in private credit markets.
“Our clients expect both speed and reliability,” said Alain Nydegger, CEO of Wholesale Banking at Multitude Group. “By working with innovative technology partners, we can scale our asset-based lending operations more efficiently. Consolidating our ABL activities onto a unified platform allows us to deliver faster responses with more flexible structures, while maintaining the transparency and audit-ready oversight that regulators and investors require.” By centralizing operations, Multitude Bank achieves streamlined regulatory and accounting reporting, reducing manual efforts and ensuring accurate records. This setup not only boosts operational efficiency but also enhances transparency for stakeholders.
This partnership underscores the role of AI-driven platforms in transforming asset-based lending, enabling institutions to meet client demands for speed and reliability while scaling efficiently.
Cardo AI is the end-to-end platform for asset-based finance and private-credit markets. Its platform manages more than $90 billion in assets under technology, connects to 160+ external systems, and processes 5 trillion data points to power portfolio management, cash-flow modeling, and investor reporting.
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