Commercial finance comparison service Think Business Loans has announced the launch of its new funding platform alongside its artificial intelligence commercial lending adviser CLAIR.

The THINK client funding platform compares suitable finance options for businesses.

The software uses live financial data to match businesses with over 200 lenders, across 18,000 data points allowing businesses to choose the most suitable finance option.

The platform was launched last month and has already attracted over 5,000 active users.

Think has also launched its digital commercial lending assistant Commercial Lending Artificial Intelligence Representative (CLAIR).

CLAIR assists business owners with access to funding and information that can enable them to drive their business forward.

CLAIR is located within the THINK client funding platform and was developed to guide and advise clients on all things commercial finance related.

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Jamie Stewart, co-founder and director at Think, said: “CLAIR has been a labour of love for us for months.

“She was designed to simply be able to help our thousands of customers get answers to the questions they need, without having to always call.

“Alternative commercial finance is a minefield, with hundreds of lenders offering different rates, conditions, terms and all in confusing jargon.

“CLAIR simply helps [to] guide and give them the information they need to make informed decisions that help drive and grow their businesses.”

Jamie said CLAIR used a combination of predetermined and coded answers to commercial finance questions, with AI route logic, and the ability to self-teach based on her experiences with each client.

“I can’t believe how quickly she has developed in a matter of weeks, I’m really excited to see how broad her knowledge base will be in the months and years ahead,” Jamie added.

“We have spent the last 18 months cataloguing every question and query our clients present us with throughout not only the course of their funding journey, but also before and after.

“This has given her a 92% accuracy rating during our beta testing.”

You can read more information about CLAIR on the Think Business Loans website.