FUNDING Options, the small business finance aggregator, has partnered with predictive company intelligence platform DueDil to make the finance application process more efficient for borrowers and lenders.
DueDil uses proprietary matching technology to link billions of company data points from authoritative sources, enabling Funding Options to pre-empt friction points that business borrowers might encounter during finance applications.
The technology sources data, pre-fills fields and cuts down the size of the application form. It aims to ensure customers feel more confident they are likely to be approved for lending and that lenders receive applications that meet their criteria.
Simon Cureton, chief executive of Funding Options, said DueDil’s platform helps it to leverage customers’ data to serve them better, automate the loan application process on their behalf and proactively help them before they know they need it.
“I’m excited that through this partnership we will be able to make business financing even simpler for the millions of small and medium businesses across the UK,” he added.
Justin Fitzpatrick, co-founder and chief executive of DueDil, claimed that seamless digital customer journeys and authoritative information for fast decision-making are key to opening up the market.
“DueDil and Funding Options are bringing together a best in class digital customer journey with a deep pool of financing providers, ensuring that small businesses of all shapes and sizes have access to the capital they need to grow,” he said.