Republic Business Credit, an asset-based lender, factor and wholly owned subsidiary of Renasant Bank, and Meritus Capital, specializing in the staffing industry for nearly three decades, both power new client intake on the XEN platform as part of their recent channel partnership.
Republic Business Credit, having utilized the XEN platform for several years, recognized the immediate impact the platform could provide for the new partnership. Prospects seeking factoring or asset-based lending through Meritus now start their experience on the XEN platform, resulting in a faster, more consistent application experience for prospects and a lighter intake workload for both teams.
“When we launched our new partnership with Meritus, we already had an intake process we trusted, and bringing XEN into the partnership felt like a natural development,” Robert Meyers, CEO of Republic Business Credit, said. “Republic, Meritus and XEN have realized significant growth periods recently and we look forward to seeing the new ways we can utilize the platform in the future.”
Paul DeLuca, CEO of Meritus Capital, added, “Launching a new partnership usually comes with growing pains, but XEN made ours smoother from day one. With XEN, the groundwork for intake was already done, so we could focus on what we do best: serving our clients and helping their businesses grow. In staffing, where payroll doesn’t wait, that head start matters.”
Alexander Kayfetz-Gaum, senior vice president at XEN, commented, “Republic and Meritus show what a proven process can do for a partnership: two companies, each running their intake workflows on XEN and supporting multiple financing products from the start. Extending our partnership with Republic to Meritus was a natural next step, and we’re excited to help both teams build on what they’ve started.”
