CPayant Deploys Seekr's Explainable AI to Expand Trade Financing Access in Africa
Digital trade banking platform CPayant has implemented an explainable AI credit-scoring system powered by SeekrFlow™ to address the significant trade-finance gap facing African importers and exporters. By utilizing transparent, audit-ready AI agents rather than 'black box' models, the platform provides financing partners with clear justifications for creditworthiness, allowing for more informed decision-making. The deployment has already yielded significant results, with over 75% of applicants receiving financing approval within days. This technology aims to bridge a $74 billion trade-finance gap in Africa, where traditional banks often struggle to establish the creditworthiness of small businesses despite steady default rates between 8% and 10%.
Topics: African markets AI credit scoring Fintech deployment Trade finance