Automate Industry
Classification with
Precision
Improve approval speed and reduce risk with consistent,
AI-powered industry classification.
Faster Processing.
Accurate
Underwriting
Lending institutions rely on accurate industry classification for risk and compliance, but manual methods are slow, inconsistent, and hard to scale. HyperVerge’s AI-driven engine transforms fragmented business data into reliable SIC/NAICS codes for faster, smarter decisions.
Key Challenges in Industry Classification
for Small Business Lending
For small business lenders, accurate industry classification is essential for risk assessment, compliance
and portfolio management, but the process is often manual, time-consuming, prone to errors
and inefficient at scale
Classifying businesses into SIC/NAICS codes is manual and slow
Research is error prone given subjectivity in names, websites, addresses, etc.
Limited online presence & inconsistent data lead to misclassification
The Solution: AI-Powered Industry Classification
Our intelligent small business lending solution harnesses the power of generative AI to
automate and refine the process of industry classification
Accurate SIC/NAICS Code Mapping using an AI-driven approach using multiple datapoints
Automated Data Extraction from online sources and transactional data
Enhanced Matching Capabilities for businesses with limited online presence
Customers love HyperVerge!
Jio partners with HyperVerge for Swift Customer Onboarding
HyperVerge delivered way more than what was expected. Couldn’t have asked for more.
Kiran Thomas
President, Jio Telecom
CIMB is very proud to be associated with HyperVerge
Over the past year, we’ve had a phenomenal experience partnering with them for our eKYC journey.
Rachel Nguyen
Director, CIMB Vietnam
Fintech giant slice scales onboarding with HyperVerge.
Even at scale, we’ve never had escalations. Teams have resolved any issues with the HV team seamlessly. This is exactly what we want.
Mahima Garg
Chief Risk Officer, Slice
MPL used HyperVerge KYC to stop millions of bad actors
We were able to reduce the number of cases of cyber crime complaints or chargebacks after we went live with HyperVerge.
Krishna M Vedula
VP Payments, MPL