Sal Rehmetullah and Suneera Madhani, known for their success with Stax Payments, have unveiled their latest venture, Worth AI. This new startup introduces a groundbreaking AI-powered platform designed to provide businesses with a comprehensive credit score, addressing the critical need for data transparency and accurate financial profiling in the business world. Worth AI's platform, which computes a unique WorthScore, draws from over a thousand data points, including financial transactions and credit history, enabling small to medium-sized businesses (SMBs) to gain insights into their financial standing and potential risks on a daily basis.
Madhani emphasized the necessity for such a tool, highlighting the absence of a standardized credit score for businesses, which has led to biased decision-making processes among financial institutions. The WorthScore not only offers an objective assessment of a business's financial health and creditworthiness but also facilitates easier access to financing and the possibility of negotiating better terms with lenders. With $12 million raised in funding and a team comprising industry veterans from companies like Visa and Dun & Bradstreet, Worth AI has already garnered interest from a range of entities, including business credit card companies, fintechs, and major financial institutions, underscoring its potential to revolutionize the landscape of business credit evaluation.
