Ntropy Reveals SMB Lending Vision at Money20/20

In an exclusive interview with FinTech Magazine at Money20/20, Ntropy's CEO and Co-founder Naré Vardanyan detailed how the company is working to transform unstructured financial data into actionable intelligence, with a particular focus on democratising access to capital for small and medium-sized businesses.

Tackling Unstructured Data 

“What we do at Ntropy is pretty simple. We take unstructured financial information and make it usable for computers and language models,” says Naré. 

The challenge is significant: approximately 80% of financial data exists in unstructured formats, scattered across bank statements, PDFs and PowerPoint presentations. 

“In order to do anything useful with it, whether you're onboarding customers or underwriting a loan or even closing the books, you have to make it structured,” explains Naré. 

The company has evolved from initially training smaller, specialised models to now leveraging much larger language models, with processing accelerated by Nvidia GPUs and deployed through Oracle Cloud.

Scaling for Global Impact After three years of development, Ntropy has built significant momentum in data processing capabilities. 

The company currently processes hundreds of millions of transactions and millions of documents weekly, though this represents less than half a percent of US transactions alone. 

“We really care about scaling efficiently and making sure this is everywhere,” says Naré. “We want to get that to at least 10% in the next three to four years.”

Unlocking Capital Access 

As well as powering anti-fraud, card authorisation and other critical workflows and use cases, a perk of Ntropy's technology lies in its potential to transform how small and medium-sized businesses access capital. 

“There are trillions of dollars of capital available for SMBs that's not very efficiently dispersed because of what I call the paperwork problem,” Naré explains. 

“It seems like a small thing, but it takes so long to fill in applications and do all the manual checking that it's unprofitable for the banks.”

The automation of these processes through Ntropy's technology could fundamentally change this dynamic. 

“Once you automate it, it suddenly becomes profitable and people can get loans at a good rate and capitalise their businesses without going to loan sharks. It's a big deal because American economy really relies on these businesses and business owners,” says Naré. 

The company is focused on showing what's possible once financial data becomes more accessible and structured, particularly in enabling more efficient capital distribution to small businesses.

“We are very fortunate to partner with Oracle and Nvidia. They've been super hands-on and it was massive support. We signed a bunch of customers and partners just in the last few days, so it's been fantastic,” concludes Naré.

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