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Flexiplan Slashed Credit Approval Time
While Managing Risk More Effectively

Allison Karavos
June 7, 2022

The motorcycle financing company selected Provenir to power its growth and expansion

MIAMI, FL (MAY 25, 2022) – Provenir, a global leader in AI-powered risk decisioning software, announced today that Flexiplan, the El Salvador-based motorcycle financing company, has implemented Provenir to meet all its credit needs, including real-time loan approval, process automation and easy API integration.

With more efficient decisioning processes, Flexiplan can manage risk more effectively, giving it the agility to respond quickly to customers through its digital platform and point of sale while driving business growth. With the real-time insights delivered by the Provenir platform, Flexiplan expects to approve up to 60 loans in the time it would have previously taken to approve one.

Flexiplan helps motorcycle dealers increase sales while providing valued customers for bank partners. The company is built upon the belief that flexible credit enabled by modern technology is a powerful tool to promote commerce and a better quality of life for consumers. Flexiplan needed a flexible platform that delivered more agile and effective credit risk management and decisioning to grow and scale its business as it plans to expand to multiple countries in Central America and the Caribbean.

Tito Gutiérrez, CEO of Flexiplan emphasized, “Provenir is very versatile as it allows us to seamlessly adapt our business behavior to what the market requires, and we are considering the use of alternative data in the future to further improve the approval process.”

“It has been a pleasure to contribute to Flexiplan’s digitalization journey and continued growth with Provenir’s AI-powered decisioning solutions, allowing for loan approvals in milliseconds, said Jose Vargas, Executive Vice President, LATAM, for Provenir. “The niche segment of motorcycles has experienced regional growth over the past few months, and Flexiplan is well-positioned to take advantage of it and make waves in El Salvador and beyond. Provenir’s flexible platform, which can be seamlessly adapted to various markets, can easily enable Flexiplan to expand its business.”

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