FinovateSpring 2018 / Zuma Technologies
Presenter Profile:
How they describe themselves: Zuma emerged to address the large & under served lending market which is limited by high costs and lack of automation. Zuma’s automation enabled lending platform allows institutions to tap new markets, offering lenders the ability to focus on a particular sector. As a white-label product, Zuma is in discussion with banks and alternate liquidity providers that have expressed interest in the platform.
The lending marketplace will allow institutional investors to register & utilize auto-invest algorithms to match their institution’s risk & sector preferences, allowing for portfolio diversification. The marketplace will consist of 5 borrowing sectors – Business-(including ZLS), Mortgages, Personal, Government-sponsored & Auto.
How they describe their product/innovation: An invoice financing marketplace that enables businesses to receive upfront cash advance payments for their outstanding invoice. Zuma helps business owners overcome short-term cash flow gaps, so they can focus on daily business operations. Import invoices using the OCR engine or from QuickBooks.
For Liquidity Institutions, ZLS serves as a platform to make invoice financing a more cost-efficient and transparent process; from borrower acquisition to credit decisioning and payment settlement. We make it more profitable to diversify your portfolio into invoices as an alternative low-risk asset; the auto-invest machine learning algorithms match your institution’s risk preferences to invoice investments.
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed
Contacts
Bus. Dev.: Ben Sullivan, Product Manager, ben.sullivan@zuma.global, 310-401-3086, Jito Chadha, Partner, HGM, jito@hgmfund.com, 310-401-3069
Press: Ben Sullivan, Product Manager, ben.sullivan@zuma.global, 310-401-3086
Sales: Vika Arkhipova, Sales, vika.arkhipova@zuma.global, 207-512 0114