Given that Spartan is exclusively focused on financing SMEs and entrepreneurs – means that we’re serving a target market with expectations of fast turnaround time, convenient engagement and aversion to documentary compliance.
So to meet those expectations – we think technology in all we do. We have created and adopted technology smartly in key aspects of the financing process for SMEs.
We pioneered Software Finance for SMEs in South Africa – and this afforded us the opportunity to be plugged into the forefront of the software ecosystem. These insights and networks have been used to develop and adopt the right technology to aid our financing of SMEs.
Here’s some of the fintech tools we have developed or adopted:
- Mobile App for our Spartner distribution network [across iOS & Android platforms for phone & tablet devices]
- Comprehensive online finance application widget: online-application
- Online FICA processing tool – currently under assesment
- E-signing of all contracting & agreements on smart phones
- For credit assessment we digitally source approximately 75 data points from 14 digital data sources
- More to come …