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Transend

Transend Deploys Credit Models in Hours Instead of Weeks

90%

faster Risk model updates

66%

engineering time savings

0

transition downtime

About

Transend

Transend provides a technology platform that enables suppliers to offer private-labeled working capital solutions for their buyers. Their innovative approach results in increased sales and inspired loyalty for suppliers, while accelerating their accounts receivable. Buyers benefit from access to incremental credit, promotional terms, and immediate cash flow improvements. Additionally, Transend's funding partners gain access to commercial loans with premium returns, all without incurring origination or servicing costs.

Use Case/s

Credit Decisioning

Business Onboarding

Industry

B2B Lending

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The Challenge

Building a fintech from scratch with limited resources.

Prior to partnering with Oscilar, Transend faced several challenges in launching their B2B payments and working capital fintech:

Time and resource constraints

Building a credit decisioning system from scratch would have consumed a significant portion of Transend's Product and Tech roadmap, potentially delaying their MVP launch.

Need for flexibility

As a growing startup, Transend required a solution that could evolve with their changing needs and expanding supplier base.

Integration complexity

Transend needed to integrate multiple data sources and create custom workflows, which would have been time-consuming and complex to build in-house.

Limited engineering bandwidth

With only about 10 people in the company, Transend couldn't dedicate large teams to managing their decision engine, unlike larger competitors.

Costly API calls to different data vendors

Companies with unknown or smaller volumes typically encounter more adverse pricing per API call to different vendors.

These challenges risked slowing down Transend's go-to-market strategy and hindering their ability to compete effectively in the fast-paced fintech industry.

Oscilar's Impact

A customizable, low-code platform for rapid deployment and iteration.

Oscilar provided Transend with a tailored credit decisioning platform that addressed their specific challenges and allowed for quick implementation and easy updates. Key components of the solution included:

Low-code interface

Oscilar's platform allowed non-technical team members to configure and update the decision engine, reducing reliance on engineering resources.

Rapid integration capabilities

The solution facilitated easy integration of multiple data sources, including credit bureaus (TransUnion, Experian, Equifax) and proprietary data, streamlining the decision-making process.

Customizable workflows

Transend was able to create and modify decision trees easily, adapting their credit policies quickly as needed.

Robust testing capabilities

The platform provided tools for A/B testing and sandboxing, allowing Transend to optimize their decisioning process continually.

Case management functionality

Oscilar's Case Manager allowed Transend's Operations team to efficiently adjudicate pended credit applications, obtaining additional information to make informed decisions.

Responsive support

Oscilar's team provided hands-on support, even working weekends to ensure Transend's successful launch.


This comprehensive solution enabled Transend to launch their MVP quickly and efficiently, while maintaining the flexibility to evolve their credit decisioning process as their business grew.

"In previous experiences, making even small changes took us 4 weeks with engineering, involving multiple sprints for a simple credit optimization. Now, we can do it in an hour or less."

Anik Patel

Co-founder and CPO

Transend

Results

Rapid implementation, resource efficiency, and scalable growth.

The adoption of Oscilar's credit decisioning platform significantly enhanced Transend's operations, resulting in substantial improvements across various aspects of their business:

Dramatically reduced implementation time

Transend can now implement and update their credit decisioning processes in minutes to an hour, compared to the weeks or months required by traditional methods.

Resource optimization

The company now requires only about 1/3 of the resources they previously needed to implement changes, freeing up valuable time and personnel for other critical tasks.

Increased operational agility

The ability to test and implement updates in less than 1/10 of the time of previous experiences allows Transend to adapt quickly to market changes and opportunities.

Improved reliability

Since implementation, Transend has experienced 0 downtime, ensuring consistent service for their customers.

True partnership

Oscilar's team has become an extension of Transend's own, providing responsive support and strategic input to help drive the company's vision forward.

Scalability

As Transend grows, Oscilar's platform provides the flexibility to expand and refine their credit decisioning processes without requiring significant additional resources.

Time savings

In months with active changes and optimizations, Transend estimates saving approximately 10-15 hours of engineering or other team time.

Cost savings

Under Oscilar’s resale model for many data partners, Transend can now get the advantage of Oscilar’s bulk-negotiated pricing per API call, even with relatively smaller volumes.

"Managing an emerging B2B payments fintech startup is never easy. Every day brings new challenges and complexities. But with Oscilar, we've found a true partner. Their intuitive platform, rapid support, and willingness to customize solutions have been game-changers for us."

Anik Patel

Co-founder and CPO

Transend

Looking forward, Transend is excited to explore further use cases with Oscilar, including fraud detection, qualifying marketing/sales leads, compliance assurance and dashboarding, and portfolio potential analysis using emerging AI models. As Transend continues to grow and evolve in the competitive fintech landscape, Oscilar remains a crucial partner in their journey to put partnerships back into payments.