Playter, offers a platform built on proprietary technology which includes 'Ari', its AI-enabled broker hub. Ari allows commercial finance brokers to assess their client's credit profile and apply for finance on their behalf at the click of a button.
Since launching in 2021, Playter's platform has delivered over £100m of lending to SMEs for a range of purposes, from VAT funding and working capital to business expansion, training and recruitment. The acquisition will combine the firm's technology with Shawbrook's existing digital capabilities and distribution network.
"Combining its talented team, proven proposition and innovative technology with Shawbrook's existing offering is an exciting opportunity, allowing us to further build on our presence in this large and growing segment of the market," said Neil Rudge, chief banking officer, commercial at Shawbrook.
https://www.insidermedia.com/news/national/shawbrook-acquires-ai-powered-lending-platform-for-smes
