Sept 18, 2024, Lehi, UT – Right this moment, Lendio and Meow, a business-focused neobank with over $1 billion belongings on the platform, introduced a brand new initiative to supply Meow prospects with entry to capital by Lendio’s embedded mortgage market. The answer can be obtainable to Meow’s 1,000+ enterprise prospects by their web site. Meow partnered with Lendio to supply immediate qualification to prospects based mostly on their depositor knowledge, permitting their prospects to grasp at a look what capital choices they may very well 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 utility and have a number of lenders compete to doubtlessly 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 Meow companies can entry each.”
Lendio’s Embedded Lending answer is carried out by a single line of code positioned within the associate’s present product ecosystem. At the moment, time period loans, traces of credit score, and dealing capital advances can be found by the embedded expertise. Product choices will proceed to extend as extra lenders and funders be part of the embedded platform.
“We’re excited to have Meow launching our embedded lending market,” mentioned Brock Blake, CEO of Lendio. “Meow and Lendio are aligned in each our missions to serve small companies and our passionate concentrate on growing expertise options that revolutionize how SMBs are served throughout the monetary area.”
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 belongings on the platform. So far, they’ve raised virtually $30 million in enterprise funding from Tiger International, QED, Lux Capital, Sluggish Ventures, and several other others. Meow intends to maintain its value buildings low, which permits it to cross again doubtlessly higher and higher financial savings to its enterprise prospects.
About Lendio
Lendio is reworking small enterprise lending by connecting small companies, lenders, and small enterprise service suppliers by a single built-in expertise platform. We’re on a mission to energy an ecosystem that helps small companies survive and thrive. Lendio gives 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 presents that greatest meet their wants, and embeds a full small enterprise mortgage market immediately 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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