BETHESDA, Md.–(BUSINESS WIRE)–Rapid Finance, a market leader in helping small businesses find sustainable and customized financing solutions through a fast and easy application process, is today a digital lending platform provider announced the acquisition of Thrive. american bankers Small Business Banking Conference.
As part of Rapid Finance’s recent corporate rebranding and restructuring, the acquisition of Thrive represents a significant addition to the company’s new Rapid Finance Technology business unit. Thrive’s true end-to-end digital lending platform enables banks, non-bank lenders and credit unions to operate meaningfully through streamlined origination processes and more efficient underwriting of both consumer and SMB loans. efficiency can be achieved.
“Since its inception, Thrive was purpose-built to meet the need for more efficient lending through intelligent automation of applications, originations, underwriting, decision-making and servicing. Kunal Segal, co-founder and CEO of Thrive. “By joining an established industry leader like Rapid Finance, we are well positioned to build on that foundation and accelerate our growth.”
“We are pleased to introduce Thrive into our Rapid Finance solution suite to support the growing market need for fast, simple and reliable loan options.” Will Tamarty, CEO of Rapid Finance. “This acquisition is a natural fit and aligns with our team’s thoughtful approach to modernizing business finance and creating value for our clients and their businesses.”
About Rapid Finance
Rapid Finance has a proven track record of helping small businesses (and their backers) succeed, and since 2005, Rapid Finance has provided fast, simple, and reliable solutions that give small businesses access to capital when they need it most. We have provided financing options for you. Through a thoughtful combination of technology, speed, and deep industry expertise, Rapid Finance has helped millions of small business clients find financing plans that meet their unique business needs. Visit www.rapidfinance.com.