Rapid Finance and Gestalt Tech Announce Strategic Integration to Enhance SMB Lending Capabilities

  • Lending
  • 25.09.2024 12:25 pm

Rapid Finance, a leading small business financing platform specializing in providing customized financing solutions, announced its new partnership with Texas-based Gestalt Tech, a provider of a cutting-edge data warehouse solution designed for financial institutions. Through this partnership, lenders using Gestalt can seamlessly integrate with Rapid’s small business lending automation solution, Decisioneer. Additionally, they will be able to use Lynx fraud detection to get insights on their data in Gestalt.

Through this systems integration, lenders can gain a holistic and real-time view of applicants through a frictionless, fully automated loan application and origination process that leads to faster and better-informed lending decisions. Once a loan is originated, that data is seamlessly migrated into Gestalt’s data warehousing platform where lenders can readily access, analyze and leverage it to support ongoing business intelligence (BI) initiatives.

"We're excited to partner with Rapid Finance and continue to bring our clients innovative technology for smarter growth. We're also looking forward to supporting Rapid's lenders with our data warehouse solution that quickly centralizes and organizes all their data and creates new opportunities for leveraging AI," said Stephanie Hanson, CEO and founder of Gestalt.

Rapid Finance’s Lynx is built with a modular, cloud-native API-first design that enables lenders and financing companies to drive more efficient and intelligent decisions by validating, enriching and comparing new customer applications with large databases of historical data in Gestalt. Additionally, Decisioneer is a scalable, automated end-to-end digital platform that connects lenders with real-time accounting, tax, KYC and KYB data to help accelerate origination, enhance underwriting efficiency and reduce risk in real-time.

“Gestalt’s commitment to innovation and delivering value to lenders aligns perfectly with our mission at Rapid Finance,” said Will Tumulty CEO of Rapid Finance. “By integrating our Lynx and Decisioneer platforms with Gestalt’s advanced data warehousing solutions we are able to provide a wealth of highly accurate, decision-ready data for Gestalt’s small business lending clients.”

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