Tillful is an app to help business owners build strong business credit and stay on top of their financial health. We harness the insights we've gained through years of developing AI-based credit models for lenders to help empower small businesses in taking control of their credit health. Unless traditional credit bureaus that rely on static data, Tillful uses connected bank account(s) of your business to monitor the financial health and to generate your Tillful business credit score in real-time basis.

How do I check my business credit score for free?

Follow these simple steps to check your business credit score for free with Tillful:n 1. Create a Tillful accountn 2. Find your company 3. Connect your bank account(s)n 4. View your free business credit score

What are the ranges for Tillful credit scores?

Excellent: 83 - 100n Good: 76 - 82n Fair: 66 - 75n Poor: 52 - 65n Very Poor: 0 - 51

How does Tillful calculate my business credit score?

To calculate your business credit score, we take into consideration various factors such as business industry, size, credit utilization, payment history, promptness of payment, among others. In addition, we leverage our AI-based credit model that has been trained and benchmarked with thousands of data points based on businesses operating in the United States.

Real-time analysis of small and medium-sized companies' credit information by AI

Nikkei Financial

Jan 12, 2021

Topics

Business Credit

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Executive Summary

In October 2020, Flowcast (San Francisco, California, USA), a fintech company founded in 2015, launched a new service called "Tillful" to calculate the credit score of small and medium-sized businesses. It connects to a company's bank account and accounting software via API. Artificial intelligence calculates a company's creditworthiness on a daily basis, based on factors such as rent, corporate credit card payment history, and fluctuations in account balances. The service is free of charge for small and medium-sized businesses, but banks are charged a fee when they refer to the information analyzed by Tillful for loans.

In the U.S., online lenders OnDeck and Kabbage, and in Japan, accounting software companies Free and Yayoi, among many others, offer similar services to assess a company's creditworthiness. But “the number of financial institutions using Tillful has doubled every month since its launch," said Ken So, CEO of the company. The companies using Tillful range is broad, from e-commerce, retail stores, medical institutions, and restaurants.

The reason for its popularity seems to be that it is not limited to payment history, but also includes qualitative information such as "state government rent deferment measures" in its analysis. If the state government makes a "special exception," the credit score will not be affected even if you fail to pay your rent on time. This is a unique service born out of the pandemic. Mr. So said "This will help small and medium-sized companies get funds and rebuild their business.”

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