Powering Business Growth
From small business loans to equipment and invoice financing, Smile API accelerates every step of the financing process. Instantly access real-time business and financial data to make informed decisions, reduce risk, and deliver faster results to your clients.
Challenges in Business Financing
Lengthy Approval Processes
Slow manual reviews delay funding and frustrate applicants.
Difficulty Verifying Business Information
Incomplete or inaccurate data increases risk and slows approvals.
Risk Assessment Complexities
Evaluating business creditworthiness can be time-consuming and unreliable.
How Smile API Optimizes Financing
Automated Data Collection
Instantly retrieve up-to-date income, employment, and identity data from verified sources.
Efficient Verification
Build a 360° view of each applicant for more accurate credit decisions.
Improved Accuracy & Reliability
Identify inconsistencies and red flags before they impact your portfolio.
Key Features for Financing
Business Identity Verification
Confirm business legitimacy and ownership.
Revenue Verification
Validate income and cash flow with real-time data.
Financial Statement Analysis
Analyze business health directly from source documents.
Use Cases
Small Business Loans
Accelerate loan origination with automated data and verification.
Equipment Financing
Quickly assess eligibility and approve funding for equipment purchases.
Invoice Financing
Validate invoices and business health for faster working capital.
Impact for Financing Providers and Their Customers
For financing providers, enjoy faster decisions, reduced risk, and lower costs through real-time data and automation. For businesses, gain quicker access to capital with simpler applications and better cash flow support.
For Financing Providers
Faster Funding Decisions
Move from weeks to minutes with automated workflows.
Reduced Risk
Make decisions based on verified, real-time business data.
Lower Operational Costs
Eliminate manual data entry and reduce overhead.
Benefits for Businesses
Quicker Access to Capital
Get funded faster with streamlined applications.
Simplified Application Processes
Less paperwork and fewer steps for your clients.
Improved Cash Flow
Access working capital when you need it most.
Ready to streamline your financing process?
Get started today with Smile API
Frequently Asked Questions
How does Smile API improve credit decisioning?
Smile API streamlines credit decisioning by providing instant, verified employment and income data. This means lenders get a much clearer picture of an applicant's financial stability and ability to repay a loan, right when they need it. More reliable data leads to more informed decisions, better risk management, and ultimately, fewer defaults.
How does Smile API enhance credit scoring?
Traditional credit scores often miss a big piece of the puzzle, especially for "thin-file" applicants. Smile API fills that gap by adding alternative credit data, like verified employment tenure and income trends, directly into your credit scoring models. This allows for more nuanced and accurate scores, helping you serve a wider range of customers with confidence.
How does Smile API help with loan underwriting and credit approvals?
Manual verification is a bottleneck in loan underwriting. Smile API automates this, speeding up application reviews significantly. For your applicants, that means faster loan approvals and a much better customer experience. For you, it means a more efficient process with less manual effort, freeing up your team to focus on growth.
How does Smile API secure sensitive data?
Security is non-negotiable. All data from Smile API is encrypted with RSA 4096 and SHA-256 signing. Crucially, we never store end-user credentials; they are passed directly to the data source's servers via TLS. This ensures maximum security throughout the verification process.
Is Smile API compliant with the Data Privacy Act?
Absolutely. We deeply respect data privacy. Smile API is fully compliant with local laws, including the Philippines' Data Privacy Act of 2012 (RA 10173). Users are always in control of their data, granting explicit consent for sharing via our SDK. They can revoke access at any time, and when they do, all information is immediately deleted and irretrievable. Other data is anonymized after 60 days. Our Privacy Policy is always available for full transparency.
What data sources does Smile API connect to?
We offer a wide range of data sources, including social security institutions and various payroll and gig platforms. To see our comprehensive list and even test our platform, you can get free access to our developer portal. Or, simply book a call with us, and we'll walk you through it.
Can we get free credits to try live data?
Yes, we offer free credits for production mode. Just book a call with us, and we'll show you how to get started right away.
