// NEWS //
Beehive Fintech transforms underwriting with Perfios
“ At Beehive Fintech, our goal has always been to make business financing faster, simpler and more accessible for SMEs,” said Abiha Ahmed, Director – Operations & Risk, Beehive Fintech.
Beehive Fintech, a leading digital SME lending platform, has transformed its underwriting process with Perfios’ s AI-powered automation solutions. By deploying Perfios Nexus, Beehive Fintech has accelerated loan underwriting by 48 %, improving risk accuracy and decision speed.
The collaboration was announced at the Singapore Fintech Festival, marking a significant milestone in Beehive Fintech’ s mission to deliver faster, data-driven lending to SMEs. Perfios Nexus 360, an advanced, end-to-end platform for document ingestion, classification, intelligence and processing, built to power real-time credit decisioning, has enabled faster due diligence and fully automated workflows, helping lenders achieve unprecedented turnaround efficiency.
Following the success of this deployment, the company plans to expand Perfios’ solutions across the GCC region, strengthening its digital lending infrastructure and enabling a broader reach to underserved businesses.
“ The Perfios Nexus solution has been a gamechanger for our underwriting process, enabling us to evaluate applications with greater speed and precision while maintaining strong risk governance. This partnership has strengthened our ability to deliver seamless, data-driven credit access to SMEs and will continue to play a key role as we expand our presence across the GCC region.”
Pramod Veturi, CEO – International Business, Perfios, said:“ Perfios Nexus brings intelligence, precision and scalability to every stage of credit evaluation. Beehive Fintech’ s rapid success demonstrates how technology can redefine decision-making speed and quality in lending.”
QuickBooks Payments launches to help customers get paid faster
Intuit, a global financial technology platform that makes Intuit TurboTax, Credit Karma, QuickBooks and Mailchimp, announced the launch of QuickBooks Payments, a pay-enabled invoicing solution designed to help its UK customers get paid up to three times faster. The launch of QuickBooks Payments on Intuit’ s AI-driven all-in-one platform sees Pay by Bank and Pay by Card functionality generally available to QuickBooks customers, with additional payment methods coming soon.
With the strain of late payments felt by 52 %( 2.8 million) of UK SMBs, these added payment capabilities in QuickBooks can be a gamechanger for businesses using Intuit’ s platform. On average, businesses report that 13 % of their invoices are 30 or more days overdue, with 27 % admitting to being owed between £ 5-20,000, and 30 % spending between 21-30 hours per month chasing and manually reconciling these outstanding transactions. According to the OSBC, if SMBs were paid on time, this could boost the UK economy by an estimated £ 2.5 billion annually.
Approximately 2.9 million invoices per month are sent via QuickBooks Online in the UK and businesses that offer payenabled invoicing options get paid faster. Despite the clear benefits of faster payments on managing cashflow, many businesses still only offer limited payment options. According to QuickBooks’ Small Business Insights Survey in April 2025, in the UK 80 % of SMBs currently accept bank transfer, only 53 % accept credit / debit card payments and 47 % accept payments from online payment platforms. For portable / mobile card readers it’ s just 15 %.
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