Cardo AI, a leading technology platform for asset-based finance and private credit, has announced a strategic partnership with Multitude Bank p.l.c., a subsidiary of the publicly listed Multitude AG. The collaboration will leverage Cardo AI’s advanced platform to automate and streamline Multitude Bank’s asset-based lending (ABL) operations, significantly improving efficiency, accuracy, and transparency in providing funding to small and medium-sized enterprises (SMEs). By integrating Cardo AI’s technology, Multitude Bank aims to accelerate its lending processes, reduce manual workloads, and enhance risk assessment through real-time data analysis and intelligent automation. The platform enables faster credit decisions by digitizing collateral evaluation, monitoring asset performance, and managing loan covenants with greater precision. The partnership underscores Multitude Bank’s commitment to modernizing its lending infrastructure and expanding access to capital for SMEs, which often face challenges in securing traditional financing. With Cardo AI’s support, the bank can scale its ABL offerings while maintaining strong control over risk and compliance. “Technology is the key to accelerating growth in asset-based finance,” said a spokesperson for Multitude Bank. “By partnering with Cardo AI, we’re not only improving our operational efficiency but also delivering faster, more transparent, and more reliable financing solutions to our SME clients.” Cardo AI’s platform is designed to meet the complex demands of private credit and asset-backed lending, offering features such as automated data ingestion, dynamic collateral tracking, and AI-driven credit scoring. The solution is already used by leading financial institutions across Europe and North America. This collaboration marks another milestone in Cardo AI’s expansion into key European markets, as it continues to position itself as a central technology enabler for modern, data-driven lending.