Ned offers a white-label platform that automates the lending process for small businesses by providing real-time cash flow underwriting and customizable repayment structures, including fixed and revenue-based loans. This technology enables lenders to efficiently qualify borrowers with limited credit history, streamline disbursement, and monitor loan performance, ultimately enhancing capital deployment and reducing default risks.
Funding
$5.9M 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.
IVFounders
Product
Problem
Traditional lending processes often struggle to efficiently assess the creditworthiness of small businesses due to limited credit history and lack of real-time financial data. This can result in slower decision-making, increased underwriting costs, and missed opportunities to extend capital to deserving borrowers.
Solution
Ned offers a white-label platform that automates the lending process for small businesses by providing real-time cash flow underwriting and customizable repayment structures. The platform integrates directly with borrower bank accounts to provide lenders with up-to-date financial data, enabling them to make faster, more informed credit decisions. Ned's solution supports a range of loan products, including fixed repayment, revenue-based financing, and lines of credit, allowing lenders to tailor offerings to individual borrower needs. By streamlining the lending lifecycle from application to servicing, Ned empowers lenders to deploy more capital, qualify more borrowers, and mitigate default risks.
Target Audience
Ned primarily serves lenders, ranging from fintech startups to established institutions, who provide capital to SMBs, growth-stage companies, and niche markets.
Features
- White-label solution for a branded borrower experience
- Real-time cash flow underwriting using open banking APIs for instant verification of business performance
- Automated fixed and revenue-based repayments with built-in ACH rails
- Customizable loan offerings, including fixed repayment, revenue share, and revenue-based term loans
- Loan monitoring and custom reporting dashboards for transparency and tracking throughout the loan lifecycle
- Automated notifications for borrowers and lending teams at every stage of the process
- Scenario planning capabilities to model different loan terms and assess multi-faceted outcomes
- KYC/KYB and OFAC checks to verify customer business information