NORTH AMERICA

Prior to collaborating with Visa in North America , Ranqx worked with Visa in its Asia / Pacific region . Under the expanded arrangement , Visa will introduce financial institutions to Ranqx ’ s digital capabilities , helping direct lenders provide easier access to much-needed capital for SMBs and solve complex processing issues currently found in SMB credit underwriting .

Ranqx helps small business lenders improve the entire loan cycle – from start to finish . With the company ’ s innovative technology solution , loan applications aren ’ t only made more straightforward but are much quicker to complete . The system helps remove friction and inefficiency in small business lending by embracing new , real-time , more accurate data sources and technologies that allow lenders to understand SMB customers better and manage risk more effectively .

As one of the world ’ s leading digital payment technology providers , Visa understands the challenges lenders face and the vital role that small business plays within global economies . Both companies share a common goal to accelerate the flow of capital to SMBs during this important time .

“ We all know that we are facing a tough time with the global economic climate and the rising cost of living ,” said Dave Lewis , Founder and CEO at Ranqx . “ And this is precisely why we are entering the US market . By joining forces with Visa across North America , we can go one step further to ensure the objective is achieved . The relationship has been built on a common goal to improve outcomes within the SMB lending space .”

The collaboration launched with a webinar for select banks and credit unions that understand the financial position of small businesses and are working to address key issues concerning their lending needs . Since the webinar , Ranqx has received more requests for demonstrations and meetings about the proposition .

“ It ’ s hard to avoid some of the noise regarding the economy right now ,” Lewis added . “ Unfortunately , SMBs often feel the ramifications of economic downturn harder than their larger business counterparts . Therefore , this collaboration could not have come soon enough . Our solution can enable financial lenders to provide easier access to muchneeded capital .” �

62 intelligent

. tech

Intelligent SME . tech