SINGAPORE, 15 November 2017:

Crowdo (p2p.crowdo.com), South East Asia’s leading online marketplace for lending (P2P lending) and investments (Crowdfunding) unveiled today its proprietary Artificial Intelligence (AI) driven due diligence system, Crowdo ACE, aimed at benefiting both their borrowers and investors.

Crowdo ACE takes into account a few thousand unconventional and alternative attributes and represents a new way to perform due diligence versus traditional means used by conventional financial institutions. It has already been applied to process more than 3,000 loans. Using Crowdo ACE, borrowers that are underserved by the banks will now have an equal opportunity to raise funds via Crowdo based on Crowdo ACE’s ability to think out of the box through its comprehensive algorithm.

Since its launch, Crowdo ACE has managed to reduce 90% of the turnaround time and lower 90% of the financing cost for Crowdo’s borrowers. Well received by investors, Crowdo saw their book grow by 400%. Keeping ahead of the industry, the proprietary algorithm is groundbreaking and will continue to put Crowdo in the lead.

Commenting on Crowdo ACE, Co-Founder and CEO of Crowdo, Mr Leo Shimada, said,

“We are happy to announce the arrival of the region’s first AI driven due diligence system, Crowdo ACE that will benefit both the underserved SME borrowers and investors. Crowdo ACE combines both cutting edge technology and our proprietary algorithm to analyze loan applications based on criteria that are tailor fit for each and every one of them. This technological innovation makes Crowdo a standout in an increasingly crowded alternative financing space where the majority of players are still using basic and rudimentary means of due diligence and loan processing.”

Crowdo is a leading regional online market place for lending (P2P lending) and investments (crowdfunding) licensed in Singapore, Indonesia and Malaysia . It unveiled the region’s first AI driven due diligence system, Crowdo ACE, aimed at improving the P2P lending experience for both borrowers and investors by leveraging alternative data and methodologies. Using these latest technologies, Crowdo has achieved a 90% reduction in both turnaround time and financing costs for SME borrowers. Driven by strong technological innovation and professional management, Crowdo saw a book growth of over 400% and delivered an average 21% return for investors