Jaris provides a fully managed platform for private-label embedded financial services, enabling software-enabled payment providers to offer commercial lending and instant payouts to small businesses. With a 95% loan approval rate and a modular onboarding approach, Jaris enhances revenue and customer retention while ensuring compliance and scalability.
Funding
$71.9M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many software-enabled payment providers lack the infrastructure and expertise to offer commercial lending and instant payouts to their small business customers, limiting their ability to increase revenue and customer retention. Building and managing these financial services in-house requires significant investment in technology, compliance, and capital.
Solution
Jaris offers a fully managed, private-label platform that enables software-enabled payment providers to seamlessly embed commercial lending and instant payout solutions into their existing offerings. The platform provides access to multiple bank programs, proprietary underwriting models, and diverse capital sources, allowing partners to offer tailored financial products to their customers. Jaris handles all aspects of program management, including compliance, customer support, and ongoing operations, reducing the burden on the payment provider. The modular onboarding approach allows partners to launch quickly, with options ranging from no-code to low-code configurations.
Target Audience
Jaris primarily serves software-enabled payment providers looking to expand their service offerings with commercial lending and instant payouts for their small business customers.
Features
- Bank redundancy with ongoing management of program operations and regulatory compliance
- Proprietary data modeling for tailored underwriting, even for complex customer bases
- Access to multiple capital sources with $1 billion in annual capacity
- Modular onboarding approach with no-code and low-code options for rapid deployment
- Unified application experience for all products with same-day approvals
- Customer support via text, phone, and email with access to live agents