In a groundbreaking announcement made today in Lehi, UT, Lendio and Meow, a business-focused neobank boasting over $1 billion in assets, revealed a new collaborative effort. This initiative aims to provide Meow’s extensive customer base with easy access to capital through Lendio’s embedded loan marketplace. This innovative solution is set to be seamlessly integrated into Meow’s website, offering a streamlined process for their 1,000+ business clientele.
Through this strategic partnership, Meow customers will benefit from instant qualification based on their depositor data, empowering them to explore various capital options with ease. Meow CEO Brandon Arvanaghi expressed his excitement about the venture, emphasizing how this collaboration transforms Meow into a comprehensive resource for businesses seeking financing solutions.
Key points to consider about this joint initiative include:
- Meow Financing with Lendio streamlines the application process for businesses.
- Customers can submit a single application, prompting multiple lenders to compete for favorable terms.
- The seamless turnaround of the Meow platform enhances the customer experience.
- Meow now offers both money-saving solutions and access to financing, making it a valuable asset for businesses.
Lendio’s Embedded Lending solution, facilitated by a single line of code within the partner’s ecosystem, currently features term loans, lines of credit, and working capital advances. As additional lenders and funders join the platform, the range of product offerings is anticipated to expand, catering to the diverse needs of small businesses.
The enthusiastic response from Lendio’s CEO, Brock Blake, underscores the shared commitment of both companies to serve small businesses through technological innovations that redefine financial service delivery to SMBs.
About Meow:
- Meow Technologies is dedicated to helping businesses save money.
- A profitable business banking fintech, Meow boasts over $1 billion in assets.
- Backed by nearly $30 million in venture funding from prominent investors.
- By maintaining low cost structures, Meow can pass on significant savings to its business clientele.
About Lendio:
- Lendio revolutionizes small business lending by connecting businesses, lenders, and service providers.
- The integrated technology platform aims to empower small businesses to thrive and grow.
- Purpose-built software automates loan decisioning and underwriting processes.
- Utilizes AI to match businesses with tailored financing offers.
- A full small business loan marketplace is embedded within service providers’ platforms.
As this transformative partnership between Lendio and Meow continues to evolve, it promises to revolutionize access to financing for small businesses, fostering growth and prosperity within the entrepreneurial community. Discover more about Lendio’s Embedded Lending solution and stay tuned for upcoming developments in this dynamic collaboration. For media inquiries, please contact (email protected).
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