You already know that Lendio is the nation’s leading financing marketplace for small businesses. But did you know that Lendio also provides tools for financial institutions to more effectively serve the small business community?
In working with more than 300 financial institutions to support the SBA’s Paycheck Protection Program (PPP) loans, we identified gaps in the lending industry that we could fill to allow FIs to better serve SMBs. This became the catalyst for Axis.
The DNA of Axis is data. During the last seven years, Lendio has accumulated millions of loan performance data points from a myriad of sources. The result is a larger and more diverse pool of insights than found at any single financial institution. Our data scientists, engineers, and customer experience experts use this broad set of information to feed Lendio’s machine learning technology—enabling Axis to enhance risk management and make faster and more accurate loan decisions.
Behind many great small businesses are financial institutions that provide working capital to fuel growth. Lendio’s vision is to kindle the fuel. We deliver technology that enables financial institutions to profitably access the small business market and launch new loan products without needing additional resources. And because Axis is a SaaS solution, we will continue to enhance the product and provide new capabilities to fuel growth for financial institutions and their small business customers into the foreseeable future.