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SMB lender Lendflow announced a partnership with data analysis platform Ocrolus to quickly determine borrowers’ viability and provide critical access to capital. Lendflow decided to leverage Ocrolus’ document automation technology to search bank statements, W-2s, and business tax returns to provide critical insight into a business’s revenue and balances.
“In a challenging economic environment with rising interest rates, small businesses are finding it difficult to access credit from traditional financial institutions tightening lending criteria to mitigate risk,” Forrester said. “Lendflow has stepped in to enable every lender, fintech, or SaaS company serving SMBs to provide faster, easier, and cheaper access to credit.”
https://news.fintechnexus.com/lendflow-taps-ocrolus-for-lending-decisions/
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