Arc Launches AI Platform for Private Credit Industry

Arc, a capital markets and cash management platform, launched Arc Intelligence, an AI platform designed to automate complex financial tasks for private credit. Arc Intelligence’s initial product, the AI Private Credit Analyst, is designed to empower credit teams to make more confident investment decisions faster. It aims to allow investors to ingest unstructured private company financial data and generate detailed credit memos._x000D_
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“Artificial intelligence will revolutionize private investing. After two years of building our AI product, we have cracked the code on financial automation. Arc Intelligence is poised to transform the way deals get done,” Don Muir, CEO and founder of Arc, said. “Our AI platform was built hand-in-hand with the world’s leading private credit investors, who are active members of Arc Capital Markets. Our private credit marketplace, which actively processes billions in loan volume, has empowered Arc’s AI engineering team to develop a proprietary technology capable of completing complex financial analysis with near-perfect accuracy.”_x000D_
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“Artificial Intelligence has promised to transform the way we work, but it wasn’t until Arc that we saw what was really possible,” BJ Lackland, co-founder and managing director of Equal Capital, a private credit fund focused on the innovation economy, said. “As an early user of Arc Intelligence, I’ve seen firsthand how radically AI will transform our business, and the private credit industry more broadly.”_x000D_
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“We are excited about the potential of Arc Intelligence to enhance our business by improving ATEL’s credit and underwriting process,” Steven Rea, president of ATEL Ventures, a San Francisco-based private credit investor for growth companies, said. “The use of AI will help enable us to increase productivity and reach better and faster decisions for our customers.”