Our client is a progressive and rapidly growing FinTech company that has raised over $100 million in private funding from leading venture capital firms. They specialize in providing small to medium-size businesses with access to competitive financing for working capital and other day-to-day operational needs.
As our client faced increasing demand and higher volumes of applications from small businesses who wanted to access its funding, they knew that they had a problem with scaling. The underwriting process was manual, tedious, and becoming a bottleneck for their in-house underwriting team. Loans were being delayed due to underwriting bottlenecks, and our client was often losing business to their competitors as the market heated up and more entrants formed to compete with our client.
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