Companies have developed technology for the financial market with the objective of providing fundraising and structuring of funds for granting credit. By the end of 2021, the expectation is to operate R$ 500 million within the new platform
THE Sky.One, a startup specialized in the development of technological platforms for the modernization of management software, has just announced a joint venture with CreditCorp, a company that anticipates receivables through the 100% digital platform for companies that need to balance their cash flow. The partnership between the companies resulted in the development of a supplier portal that complements the withdrawn risk platform, which already handles almost R$ 100 million. By the end of 2021, the expectation is to operate R$ 500 million within the platform.
According to a survey by Distrito Dataminer, Brazilian fintechs received US$ 500 million in investments in the first two months of 2021. According to the Director of Innovation and New Business at Sky.One, Leonardo Costanza, the financial market is gaining more and more prominence in the IT industry. “We believe that this movement is motivated by a change in the behavior of users, both individuals and companies. Companies will no longer operate financial services through a banking platform and will use management software – ERP. In this way, it is necessary that this software is integrated to all processes, including financial ones”, he explains.
Currently, Sky.One offers as a service the Integra.Sky, platform that manages the APIs and optimizes the complexity of the integration processes. For Costanza, the solution made it easier to analyze company data, enrich the information and direct it to financial services and products, using technology to generate more efficiency. However, it was necessary to bring a partner with expertise recognized by the market. “To live this industry, we signed a strategic alliance with CreditCorp, which has the ability to understand and coordinate the demands of borrowers and financial investors, in addition to using technology as the main ally for the availability of credit offers” , says.
For the CEO of CreditCorp, Luiz F. Castello Branco, the alliance between the companies emerged from the common purpose of integrating investors and borrowers through systems. “It is a very efficient partnership since the concept, structure and architecture of the platform are scalable”, he says. In this way, the companies developed a technology to complete the financial process that also involves raising funds and structuring funds for granting credit.
With the new platform, Sky.One and CreditCorp have transformed the accounts payable and accounts receivable process into an intelligent one. The technology developed has a supplier portal that facilitates communication between the two ends, sharing important information such as relationship history and upcoming maturities, optimizing the time of the supplier and the anchor store, in addition to offering the possibility of anticipating the next receivables.
According to Castello Branco, fintechs are increasingly trying to understand information from companies, based on various systems in order to be more assertive in offering credit. In other words, the more information you have, the more you can see the customer and, consequently, offer cheaper credit. “We offer interesting interest rates, in a way that makes it simple for the customer, so he doesn't have to face bureaucracy. We do it in a very objective and fast way, and through the platform, as we are already inside the partner's ERP. It's almost automatic”, explains Castello Branco.
Benefits of the withdrawn risk platform
According to Costanza, the withdrawn risk process works through an anchor company, which has excellent credit and “lends” it to its supply chain, with the objective of keeping the ecosystem healthy and making negotiations more efficient by extending the period. term with the supplier, who can receive cash in advance that would only be available at some point in the future. “We created a platform that complements this natural negotiation process between industry, distributors and retailers and their suppliers. The model traditionally offered by banks is very labor intensive, making it difficult to extend the offer to the smallest suppliers in the chain. The Sky.One platform automates the end-to-end process and allows the small supplier, which is the one most in need of credit, to benefit from fees that they would not be able to obtain in the traditional financial system”, he explains.
On the supplier side, it is possible to carry out all the intelligent management of accounts receivable. The anchor company, on the other hand, is able to negotiate better terms with the supplier. Another important benefit is that the technology reduces resistance in trading as it offers very competitive rates. In addition, the project has no cost to the anchor company. “Our DNA is tech, but we seek knowledge in the financial market to create products that solve a pain in the negotiation process, services that meet the wishes of the financial manager of companies and aligned with the continuous search for efficiency gains. The platform is born integrated with many of our partners, who are management software developers”, concludes Costanza.
