Cardo AI, a technology platform for asset-based finance and private credit, formed a strategic partnership with Multitude Bank, a subsidiary of the listed Multitude AG. The collaboration will use Cardo AI’s platform to automate and streamline Multitude Bank’s asset-based lending (ABL) operations.
“Technology is the key to accelerating growth in asset-based credit,” Altin Kadareja, co-founder and CEO of Cardo AI, said. “By automating and streamlining critical operations, our platform helps institutions like Multitude enhance the efficiency of their ABL businesses and provide faster, more flexible funding solutions to SMEs.”
“Our clients expect both speed and reliability,” Alain Nydegger, CEO of wholesale banking at Multitude Group, said. “By working with innovative technology partners, we can scale our asset-based lending operations more efficiently. Consolidating our ABL activities onto a unified platform allows us to deliver faster responses with more flexible structures, while maintaining the transparency and audit-ready oversight that regulators and investors require.”
The Cardo AI platform will consolidate Multitude Bank’s asset-based lending operations by bringing loan, collateral and counterparty data into one system. This provides real-time visibility into portfolio performance and covenant compliance, while also streamlining regulatory, accounting, and business reporting.
