Since the start of the COVID-19 pandemic, struggling SMEs and SMBs have found it more difficult to find the capital they need to survive. At the same time, alternative lenders like fintechs have had to adapt their plans in order to continue being a reliable source of financing. Such creativity will still be needed in 2021 as more opportunities arise.
The Financial Technology Report named Sam Graziano, co-founder and CEO of Fundation, one of the top 50 financial technology CEOs of 2020. Fundation is a financial technology company focused on modernizing how credit is delivered to the small business market.
Fifth Third Bank is partnering with Fundation to launch Fifth Third Fast Capital to make it easier for small business owners to apply for loans and lines of credit.
Provident Bank and Fundation launched a new digital lending solution to offer a streamlined, end-to-end, lending program for small businesses seeking a business loan or line of credit.
Citizens Bank launched a new digital lending capability through a collaboration with Fundation that will make it easier for small business customers to apply and receive approvals for loans.
Citizens Bank will offer digital lending capabilities to small business customers through a collaboration with fintech lender, Fundation.