AND Solutions Partners with Esquire Financing Inc. to Enhance Financial Services with Intelligent Document Processing and Credit Scoring Solutions in the Philippines

PHILIPPINES: Leading fintech company AND Global’s subsidiary, AND Solutions, has today announced a new partnership with Esquire Financing Inc., a Philippines-based non-bank financial institution that specializes in providing business loans to SMEs. The collaboration marks a significant step in streamlining and enhancing financial operations in the Philippines. Esquire Financing Inc. will integrate AND Solutions’ AI-based intelligent document processing system, mindox, along with advanced credit scoring solutions to enhance their credit evaluation process. AND Global is a leading fintech company that has created multiple businesses to promote financial inclusion across Southeast Asia.

The platforms powered by AND Solutions will be tailored specifically to Esquire Financing Inc.’s needs. By automating document processing and leveraging advanced analytics, these tools will streamline Esquire’s workflow, improve efficiency, and support more informed decision-making. The solutions will provide additional insights into loan applicants’ credit risks, operating as a supplementary assessment system to Esquire’s primary credit scoring process.

The partnership with Esquire Financing Inc., signifies a major milestone for AND Solutions as the company introduces its innovative technologies into the Philippine market. With Esquire  Financing Inc.’s robust presence and credibility, AND Solutions anticipates a fruitful expansion of their cutting-edge offerings across the country.

Commenting on the new partnership, Baasandorj Davaasuren, business owner of mindox, said: “We are excited to introduce our intelligent document processing and credit scoring solutions in the Philippines through this partnership with Esquire Financing Inc. “mindox” and our credit scoring solutions have enormous potential to streamline operations and facilitate access to financial services, promoting financial inclusion and setting new industry standards. This collaboration puts AND Solutions one step closer to meeting our ultimate goal of increasing financial inclusion across Southeast Asia.”

Speaking about the collaboration, Navin Uttamchandani, President at Esquire Financing Inc., added: “This partnership with AND Solutions marks a pivotal moment in our journey to enhance financial services for SMEs across the Philippines. By integrating mindox and their advanced credit scoring solutions into our operations, we are able to optimize our processes, improve accuracy, and provide faster decision-making for our clients. This collaboration not only strengthens our ability to serve more businesses efficiently but also reaffirms our commitment to supporting financial inclusion and the growth of SMEs in the country. We are confident that these innovative tools will significantly improve our customer experience and operational excellence.”

About AND Solutions

AND Solutions is a leading fintech company promoting financial inclusion across Southeast Asia with innovative technology solutions. Their flagship product, mindox, is an AI-based intelligent document processing solution that streamlines financial operations and decision-making processes. They aim to bring value to clients through increased efficiency, automation, and growth acceleration.

Key solutions include: mindox, an AI/ML and NLP-powered intelligent document processing launched in the Philippines in February 2024; Custom Credit Scoring, AI/ML-powered models for data-driven credit decisions; looms, an automated lending platform for consumer and business loans; and NIKO AutoML, a no-code platform for building machine learning models.

About Esquire Financing Inc. 

Esquire Financing Inc. (EFI), established in 2011, is a premier financing company in the Philippines, specializing in providing financial solutions to small and medium-sized enterprises (SMEs). EFI offers a range of innovative and flexible financing products designed to meet the unique needs of Filipino entrepreneurs and businesses, including working capital loans, equipment financing, and business expansion loans. The company’s mission is to empower SMEs by offering accessible financial services that drive business growth and economic development. For more information, please visit https://esquire.com.ph/