Softics Data Science, part of Cardo AI Corporation is pleased to announce the conclusion of the planned activities in the scope of the project “ABL Deal Enablement Platform”. This project was partly subsidized by funds from the Grant’24 call by Startup Albania and the Minister of State for Entrepreneurship and Business Climate.
Rubin Haxhiymeri, Revenue Operations Lead for Cardo AI Corporation/Softics Data Science, expresses his and his team’s gratitude towards the funding authority during this journey.
“ We are extremely happy that the collaboration with Startup Albania and the Minister of State for Entrepreneurship and Business Climate has been seamless and the communication channels regarding reporting and compliance on the project have been constantly open, helping us focus on delivering demonstrable value that elevates the capacity of Albania’s tech talent worldwide.”
Mr. Haxhiymeri also stopped to reflect on the recent developments surrounding Cardo AI, namely completion of the Series A funding round announced on November 20th.
“This development puts us on a global spotlight, and it could have not come at a better moment as we further enrich our portfolio of solutions for institutional investors expanding into the private credit market with the completion of the project backed by Startup Albania.”
“We ought to deliver to fulfil our ambitions and at the same time give ample evidence to Startup Albania that the shortlisting process designed by their side leads to the backing of A-level players. We hope that our example, combined with the ones from other fellow
successful grantees, inspires more ambitious applications in the forthcoming window, Grant’25.
What is the platform that enables “Asset Based Lending” (ABL)?
Denis Mehillaj, Business Analyst at Softics Data Science helps us define the concept:
“We at Softics Data Science are building a Portfolio Management System which enables investors to manage and monitor their investment in the strategy called “Asset Based Lending”.
To give a little context on “Asset Based Lending”, it is simply the process of investing in financial assets that are secured by collateral. This collateral can be, for example, an inventory, an account receivable, a tangible asset such as real estate. But this collateral
can also be a loan or a group of loans (the case with the type handled by our platform).”
Xheni Rustemi, Senior Business Analyst provides us more detail on the capabilities of the platform:
“Through the Portfolio Management System some of the basic functions of the investment monitor can be performed such as:
1. Real-Time Investment: Monitors in real time the value of the investment and collateral and their performance as well as other characteristics such as payments, delays, the latest valuation of the collateral, etc.
2. Risk Monitoring: Provides automatic controls for the investment and collateral, if violations of the “limits” of the fund are occurring that could lead to its liquidation. 3. Integration Capacities: Integration of data into the platform in real time from where the analysis of the data is performed and presented in what we call “reporting modules”
4. Analysis and Reporting: Provides customizable dashboards and reports to visualize trends in collateral performance, key performance indicators and risk monitoring indicators.
5. Liquidity Management: a solution that enables the monitoring, forecasting and management of cash flows and financial resources in real time. Through this functionality, an asset manager can optimize the use of funds, guarantee financial sustainability and minimize the risk of lack of liquidity.
So to summarize, the Portfolio Management System serves to give the asset manager a clear, detailed and efficient view of the investment in the “ABL” strategy.
The team confirms that the product currently has two active customers, one based in Italy and one based in the United States. A third customer is also in Beta Testing. The team reaffirm their belief that the platform being further elaborated has a very attractive market proposition in countries such as the United Kingdom or the United States of America where Cardo AI aims to heavily focus on identifying potential customers.
“This article was produced within the scope of the “ABL Deal Enablement Platform” project supported by Startup Albania and the Minister of State for Entrepreneurship and Business Climate.
The views and opinions expressed therein belong to the authors and do not necessarily coincide with the positions of Startup Albania and the Minister of State for Entrepreneurship and Business Climate”
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