With more and more states implementing new commercial finance disclosures, it's critical for funders to maintain regulatory compliance. Our CEO, Will Tumulty, discusses the strategies that funders can use to stay on top of commercial finance disclosures. https://lnkd.in/ghXNCCg2
Rapid Enterprise
Financial Services
Bethesda, Maryland 153 followers
Level-Up your lending experience with our suite of scalable technology and business services.
About us
Rapid Finance has combined two decades of industry experience as a commercial finance partner in SMB product servicing with innovative financial technology products, to bring you Rapid Enterprise - a customizable Lending as a Service Solution which enterprises, and the small businesses they serve, can leverage to grow their businesses.
- Website
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https://enterprise.rapidfinance.com/
External link for Rapid Enterprise
- Industry
- Financial Services
- Company size
- 201-500 employees
- Headquarters
- Bethesda, Maryland
- Founded
- 2023
- Specialties
- lending as a service, embedded finance, and collections
Updates
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Our CEO, Will Tumulty, sat down with Sarah Cooke, MBA from The Credit Union Connection at #GAC2024 to discuss how credit unions can make even greater impacts in their communities with the opportunity to offer small business lending to their customers. https://lnkd.in/gzFh6YRn #smb #fintech #creditunions
The Credit Union Connection- Interview w/ Rapid Finance CEO Will Tumulty
https://www.youtube.com/
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Our team had an excellent time in Vegas last week at Fintech Meetup! Check out Preethi's post for key takeaways from the conference 💡
Exciting reflections after wrapping up Fintech Meetup! 🚀 Engaging in dynamic conversations with partners and potential clients has left me with a profound sense of accomplishment. Beyond the professional connections forged, the invaluable social aspect of these Vegas conferences is a reminder of the power of networking. Fintech Meetup was impressively organized, with thoughtfully planned meetings and networking events. I particularly appreciated having the schedule conveniently placed on my calendar, helping me navigate the bustling atmosphere. However, the speed dating atmosphere for the meetings could use some improvement. With 1000 tables in a small space and challenging acoustics, it became a vocal challenge to be heard over the buzz of parallel conversations. Key takeaways from the conference: 💰 SMB Lending is hot: There's a growing awareness of the need and demand in this space, with banks waking up to the opportunity. 🔍 Focus on Portfolio Monitoring: Fintechs and banks are emphasizing the importance of staying on top of their portfolios, especially given recent regulatory actions. 📈 Financial Advice and Advocacy: Many companies are highlighting the need for financial advice and advocacy, addressing a crucial aspect in the current economy. 🚦 Cautious Approach to Technology Investments: Banks are considering technology investments cautiously, preferring long-lasting partnerships that offer flexibility for pivoting if needed (Building blocks instead of a bank-in-a-box). 🛒 Demand for Embedded Lending and Finance: Diversification and better utilization of relationships are key, with a noticeable demand for embedded lending and finance solutions. Additionally, it was heartening to witness numerous women in tech events featuring table talks and discussions that were thought-provoking and relevant to empowering women in navigating this space more confidently. The importance of supporting and uplifting each other in our professional journeys was a recurring theme, highlighting the power of community and the resilience that comes from standing together. Interestingly, AI and ML are being approached with more caution, reflecting a more practical stance as the full value of Gen AI is still unfolding. The Fintech landscape is evolving, and the emphasis on responsible and strategic use of technology is becoming more apparent. In essence, Fintech Meetup was not only a platform for professional growth but also a space for building meaningful connections. Looking forward to the next chapter in this dynamic industry! 👥💼 #Fintech #Networking #ConferenceReflections #InnovationInFinance #WomenInTech #EmpowermentInFintech #SMBLending #EnterpriseSaaS Rapid Finance Rapid Enterprise
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Our VP of Client Solutions, Preethi Janardhanan, sat down with Jordan Hansen of Cobalt Intelligence (Secretary of State API) to discuss the integration of Decisioneer with LoanPro's API-first lending and credit platform, along with all of the exciting things happening at Rapid Enterprise: https://lnkd.in/gWuTArMF
Rapid Finance's Ultimate Financial Machine
https://www.youtube.com/
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Our team is looking forward to connecting with everyone at Fintech Meetup next week! #FintechMeetup2024
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Georgia & Florida have enacted new Financing Rules for Lenders. Confused? You're not alone! New transparency disclosures aim to help businesses, but pose challenges for lenders. Our CEO, Will Tumulty, explains what you need to know so lenders can stay compliant and understand your options: Compliance: Fines & legal issues await non-compliant lenders ❌ Solutions: Build a legal team (costly! 💰 ) or partner with Lending-as-a-Service (seamless! ✅ ) #CommercialFinancing #RegulatoryCompliance #SmallBusinessSupport https://lnkd.in/dhpWww3D
State Business Financing Disclosure Requirements Present Emerging Challenge for Fintechs and Lenders
https://fintecbuzz.com
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With more states continuing to pass #SmallBusiness financing requirements, keeping up with state-specific compliance requirements is becoming a challenge for #Fintechs and #Lenders. In a recent Financial IT blog, our CEO, Will Tumulty, explains what options lenders have in addressing this challenge. https://lnkd.in/dtJCgHFJ
How Fintechs and Lenders Can Stay Ahead of Evolving Business Financing Disclosure Requirements
financialit.net
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Introducing the integration of Decisioneer with LoanPro's API-first lending and credit platform, allowing for greater flexibility and customization for lenders. This integration allows enterprise customers to leverage Decisioneer #LOS and LoanPro's #LoanManagement and #Servicing platform to simplify the loan lifecycle and create unique loan programs. https://lnkd.in/geEZ4bCi
Rapid Finance Announces Partnership With LoanPro to Provide Lending-as-a-Service to Small Businesses Across the U.S.
businesswire.com
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Prevent fraud and optimize lending by leveraging data to make better lending decisions and increase opportunities for small business borrowers. Download our latest white paper to learn more ⬇ #Fintech #FraudPrevention #LendingSolutions https://lnkd.in/g3F7_xER
Preventing fraud and optimizing lending whitepaper
https://enterprise.rapidfinance.com
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Our VP of Client Solutions, Preethi Janardhanan, sat down with Finopotamus to discuss her tech hopes and predictions for 2024. With more automated lending platforms being onboarded, #SmallBusiness owners will look to FIs that provide faster approvals and access to funding through other sources. https://lnkd.in/eqJzhD-5 #CreditUnions #Automation #LaaS
Holiday IT Wish List for 2024 - Part Three
finopotamus.com