To assist entrepreneurs in the Asia Pacific (APAC) region with credit access, Mastercard has partnered with DigiAlly, a Singapore-based fintech company and a Start Path alumni. Together, they’re introducing an AI-based solution for potential lenders to assess SME lending risks using alternative data. This partnership tackles the challenge directly by helping SMEs overcome hurdles in providing traditional financial documentation and operational details typically required for credit applications.

The aim is to empower SMEs with the credit needed for growth, benefiting SMEs, financial insitutions and regional economies. Mastercard will refer DigiAlly to its extensive network of banking customers, merchants, and payment facilitator partners.