StreetShares Platform provides cloud-based business lending software that enables banks and credit unions to streamline their lending processes and engage borrowers digitally. By utilizing machine learning algorithms for data-driven decision-making, the platform enhances risk assessment and operational efficiency, allowing institutions to serve more business customers at a lower cost.
Funding
$10M 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 banks and credit unions face challenges in streamlining their business lending processes, digitally engaging borrowers, and leveraging data-driven insights for smart decision-making. Traditional lending systems often lack the agility and advanced analytics needed to efficiently serve business customers and mitigate risks effectively.
Solution
MeridianLink Business provides a cloud-based business lending software platform that enables financial institutions to optimize their lending processes and digitally engage borrowers. The platform utilizes machine learning algorithms to analyze hundreds of data points, enhancing risk assessment and operational efficiency. By offering a frictionless digital lending experience, MeridianLink Business allows institutions to serve more business customers, expand market share, and increase revenue at a lower cost. The platform's integrated system supports application decisioning through boarding, providing a comprehensive solution for business lending.
Target Audience
The primary customers are banks and credit unions seeking to optimize their business lending processes, digitally engage borrowers, and leverage advanced technology for smart decision-making.
Features
- Frictionless digital lending experience from initial interaction to closing, customized to the organization.
- Smart decisioning powered by machine learning algorithms analyzing hundreds of data points for risk mitigation.
- Rapid deployment with a cloud-based platform, enabling digital lending in 90 days or less without coding.
- Business Owner Hub for borrowers to apply for financial products, check application status, and communicate with staff.
- Integrated system for application decisioning through boarding and analytics.