Sept 18, 2024, Lehi, UT – Immediately, Lendio and Meow, a business-focused neobank with over $1 billion property on the platform, introduced a brand new initiative to supply Meow clients with entry to capital by way of Lendio’s embedded mortgage market. The answer will probably be obtainable to Meow’s 1,000+ enterprise clients by way of their web site. Meow partnered with Lendio to supply prompt qualification to clients based mostly on their depositor knowledge, permitting their clients to grasp at a look what capital choices they might be certified for.
“Companies come to Meow to save cash. Now, with Meow Financing in partnership with Lendio, Meow turns into their one-stop store for financing,” says Meow CEO Brandon Arvanaghi. “Companies that apply for Meow Financing can submit one software and have a number of lenders compete to probably supply phrases. It’s a fast turnaround which makes for an superior expertise on the Meow platform. Saving cash is one aspect of the coin for companies, and financing is the opposite, and now by way of Meow companies can entry each.”
Lendio’s Embedded Lending answer is applied by way of a single line of code positioned within the accomplice’s present product ecosystem. At the moment, time period loans, traces of credit score, and dealing capital advances can be found by way of the embedded expertise. Product choices will proceed to extend as extra lenders and funders be a part of the embedded platform.
“We’re excited to have Meow launching our embedded lending market,” stated Brock Blake, CEO of Lendio. “Meow and Lendio are aligned in each our missions to serve small companies and our passionate deal with growing know-how options that revolutionize how SMBs are served throughout the monetary house.”
Study extra about Lendio’s Embedded Lending answer right here.
About Meow
Meow’s mission is to save lots of companies cash. Meow Applied sciences is a worthwhile enterprise banking fintech with over $1 billion property on the platform. Thus far, they’ve raised virtually $30 million in enterprise funding from Tiger World, QED, Lux Capital, Sluggish Ventures, and a number of other others. Meow intends to maintain its price buildings low, which permits it to cross again probably higher and higher financial savings to its enterprise clients.
About Lendio
Lendio is remodeling small enterprise lending by connecting small companies, lenders, and small enterprise service suppliers by way of a single built-in know-how platform. We’re on a mission to energy an ecosystem that helps small companies survive and thrive. Lendio supplies purpose-built software program that automates small enterprise mortgage decisioning and underwriting for each banks and digital lenders, makes use of AI to match small companies to the financing gives that finest meet their wants, and embeds a full small enterprise mortgage market instantly inside small enterprise service suppliers’ platforms – all of which work collectively to get small companies entry to the capital they must be profitable.
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