Arc Intelligence, a capital markets and cash management platform has launched an AI platform to automate complex financial tasks for the private credit industry.
Arc Intelligence is first launching the AI Private Credit Analyst to help investors generate detailed credit memos using unstructured financial data.
Don Muir, chief executive and founder of Arc said: “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.”
The private credit market is expected to grow to $2.8tn (£2.2tn) by 2028 according to Morgan Stanley, but many of the processes to analyse borrower data continue to be manual. Arc’s AI Analyst focuses on deal underwriting and financial analysis. It is available to 150 institutional lenders who are active on Arc Capital Markets, the private debt marketplace. All qualified lenders will be able to access the AI Analyst from early 2025.
Founded in 2021, Arch has raised over $180m of equity and debt capital from investors including Atalaya and Bain Capital Ventures.
“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,” said BJ Lackland, co-founder and managing director of Equal Capital, a private credit fund focused on the innovation economy
