Kiu means "Bridge." Kiu is a digital bridge connecting people, communities, countries, and banks with SMEs and MSMEs to help businesses access capital in Asia.
Kiu started in 2014 as a project to identify the issues faced by farmers, MSMEs, and SMEs. After interviewing over 600 business owners, Kiu Founders identified that access to finance and digitization are the key needs of these business owners. With high financial institution rejection rates, non-existent credit histories, and no collateral to put up to qualify for loans being the most common problems that these small business owners face.
Kiu pioneered the idea of software in the cloud for emerging markets and creating impact using technology to help SMEs and MSMEs in ASEAN who are traditionally rejected by traditional financial institutions for loans and credit.
Kiu developed Kiu BMP, a platform similar to an ERP but without the constraints, complexities, and higher costs which a small business owner can afford. More importantly, Kiu not only provides a technological tool but an opportunity for more SMEs to grow.
Kiu bridges financial institutions and businesses using its Kiu Artificial Intelligence Credit Scoring Platform that analyzes data from Kiu Business Management Platform (BMP) or any third-party application to score the loan repayment ability of a business. This enables SMEs to build a credit history that Kiu partner banks and MFIs can accept to grant a loan.