Market Overview

PayNet Announces Partnership with FinTech Thrive

Share:

Thrive joins PayNet's growing lineup of business partners

PayNet,
the leading provider of small business credit data and analysis,
announced that Thrive
has joined its lineup of business partners. Thrive is a cloud-based
end-to-end platform that enables banks, credit unions and lenders to
efficiently and profitably process and originate small business loans.
Thrive customers now will have access to solutions from PayNet, which
has the largest proprietary database of small business loans, leases and
lines of credit encompassing over 24 million contracts worth over $1.6
trillion.

"We're thrilled to welcome Thrive into our ecosystem of partners," said
PayNet Director of Business Development Kevin Wenta. "PayNet's
partnership program allows lenders to create a composite score that
includes PayNet data for credit decisions on commercial loans. Thrive
customers will benefit from PayNet solutions as they process and
originate loans."

PayNet's business partners enable lenders to streamline the credit
granting and portfolio management processes by integrating various
credit/risk tools, including PayNet products and services. PayNet's
strategic partnerships enable seamless and rapid access to PayNet's
products and services from within the credit granting and portfolio
management processes. More about PayNet's growing ecosystem of business
partners can be found here.

"We are excited to partner with such an established and well-regarded
organization as PayNet," said Kunal Sehgal, CEO of Thrive. "Through our
end to end digital lending technology, our customers are experiencing
significant decreases in loan processing times, increasing loan
profitability and modern user experiences. Integrated with PayNet
solutions, the Thrive digital lending platform provides trusted and
reliable data for accurate financial and credit assessments, giving
commercial lenders the ability to make consistent and informed loan
decisions – all in a shorter timeframe and at a reduced cost."

About PayNet

PayNet,
Inc.,
is the leading provider of credit ratings on small businesses
enabling lenders to manage credit risk, grow earning assets and operate
credit at lower cost. PayNet maintains the largest proprietary database
of small business loans, leases and lines of credit encompassing over 24
million contracts worth over $1.6 trillion. Using state-of-the-art
analytics, PayNet converts raw data into real-time marketing
intelligence and predictive information that subscribing lenders use to
make informed small business financial decisions and improve their
business strategy. For more information visit www.paynet.com.

About Thrive

Thrive
is a financial technology company building modern lending infrastructure
focused on digital experiences, intelligent automation, workflow
efficiencies and real time risk management capabilities. www.tothrive.com

View Comments and Join the Discussion!