Business finance aggregator Funding Options has added MarketFinance to its embedded finance platform.
The new partnership will see alternative business lender MarketFinance embed its suite of loans and lending products directly within the Funding Cloud platform which is operated by Funding Options.
The platform allows lenders to embed their products directly inside Funding Options, resulting in faster decisions and more streamlined application processes.
“Speed and seamless access to finance is crucial to small businesses, particularly in the current economic climate,” said Anil Stocker (pictured), chief executive and co-founder of MarketFinance.
“Embedding our lending products in the Funding Cloud will enable us to reach more customers, when they need us, and helps to drive our vision of frictionless finance.”
Funding Options’ chief executive Simon Cureton said that the addition of MarketFinace will increase choice for business borrowers.
“As significant demand returns to the alternative lending sector, it is those that embrace innovation to deliver a great customer experience who will thrive,” Cureton said.
He added that Funding Cloud recently reached a new record of 20 seconds from loan application to credit approval, with application to funds in the bank within as little as 18 minutes.
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