TMEDE launches Microlending Platform on Profile Software

By Gloria Methri

Profile Software has announced its strategic collaboration with TMEDE Microfinance Solutions, having been selected after an open tender for the provision of a modern online platform offering to finance to TMEDE members.

TMEDE, the Greek Engineers and Public Works Contractors Fund consists of an autonomous institution providing among others LoG’s and Collaterals to its members.

TMEDE’s wholly-owned subsidiary Microfinance Solutions is the first licensed microlending institution in Greece, which aims at providing alternative means of financing to its members and especially those that are at the early stage of their careers.

The online platform is accessed through mobile or web applications and offers users the capability to apply directly from their mobile or PC with just a few “clicks”. The approval and disbursement of the loan from TMEDE Microfinance Solutions, up to the amount of 25.000 euros, takes place in less than 24 hours, providing financing of investment needs, working capital, or settlement of outstanding debts.

Finuevo Suite, Profile’s new front-to-back banking solution, has been successfully installed at TMEDE Microfinance Solutions. It is the single integrated solution for core and digital banking applications, combining technological and banking expertise.

Specifically for the needs of the Microfinance Solutions, the platform supports Digital Onboarding, Banking-as-a-Service, as well as the entire financial management of lending products to TMEDE members in a digital and agile way, significantly reducing time implementation, operating costs, and service time.

Profile believes that the Engineers and Contractors’ community will make extensive use of the platform and its services, and therefore TMEDE Microfinance Solutions will become a successful venture.