The Heron Score is an SMB credit risk model based on bank transactions predicting the likelihood that the company will pay back its debt with 0.74 AUC.
Hi Hunters,
Jamie here, co-founder of Heron Data - we help SMB lenders to score their applicants using bank transaction data.
We’ve been working on making it easy for SMB lenders to parse and evaluate bank statements of loan applicants but the big question all of our customers asked was ‘so what’? Revenue might be $X, but what impact does that have on default?
So we built the Heron Score. It is an objective way to evaluate the cashflow strength of companies in the SMB space. The model is based on short-term unsecured loans in the US and connects bank data and loan outcomes to stack rank businesses according to their likelihood of repaying a loan with a score between 1 and 1000.
How does this help SMB lenders?
🔮 Improve default rates: Data is up-to-date (pulled from most recent bank statements / Plaid) and the score is highly predictive of default risk, particularly for young businesses that might not have a long repayment history
🔄 Full coverage: we can pull any applicant you have (no gaps as you might get from credit agency)
⏳ Reduce time-per-file: Heron score allows underwriters to get an instant snapshot of a company’s default risk to aid in quick decisioning
If you’d like to learn more, or take us for a test drive, we are happy to do a no-strings-attached POC, where we can take your historical loan repayment data + some applications, and show you what the delta would be if you used our score in production.
Feel free to reach out to me directly [[email protected]] or book a demo via our website.
About Heron Data: Cashflow Scoring for SMBs on Product Hunt
“Predict business credit risk using bank data”
Heron Data: Cashflow Scoring for SMBs launched on Product Hunt on September 26th, 2023 and earned 103 upvotes and 5 comments, placing #26 on the daily leaderboard. The Heron Score is an SMB credit risk model based on bank transactions predicting the likelihood that the company will pay back its debt with 0.74 AUC.
On the analytics side, Heron Data: Cashflow Scoring for SMBs competes within Fintech, SaaS and Artificial Intelligence — topics that collectively have 555.2k followers on Product Hunt. The dashboard above tracks how Heron Data: Cashflow Scoring for SMBs performed against the three products that launched closest to it on the same day.
Who hunted Heron Data: Cashflow Scoring for SMBs?
Heron Data: Cashflow Scoring for SMBs was hunted by Michael Seibel. A “hunter” on Product Hunt is the community member who submits a product to the platform — uploading the images, the link, and tagging the makers behind it. Hunters typically write the first comment explaining why a product is worth attention, and their followers are notified the moment they post. Around 79% of featured launches on Product Hunt are self-hunted by their makers, but a well-known hunter still acts as a signal of quality to the rest of the community. See the full all-time top hunters leaderboard to discover who is shaping the Product Hunt ecosystem.
For a complete overview of Heron Data: Cashflow Scoring for SMBs including community comment highlights and product details, visit the product overview.
Michael Seibel