Lendio is excited to announce FIS® (NYSE: FIS), a global leader in financial technology, is leveraging Lendio technology in the launch of its new SMB Digital Lending solution.
FIS SMB Digital Lending aims to reduce the barriers to funding for small and medium-sized businesses (SMBs) by streamlining and automating lending processes for financial institutions. The solution is FIS’ first in a portfolio of digital banking solutions to focus specifically on loans for SMBs and complements FIS’ existing services that cater to consumer lending and large corporate loans.
“We are thrilled to partner with FIS, a global leader in financial technology, to help bring this SMB lending platform to banks across the country,” said Brock Blake, CEO and co-founder of Lendio. “Our mission at Lendio is to fuel the dreams of small business owners by simplifying small business lending. FIS SMB Digital Lending is a perfect fit for that mission, as it enables banks to offer a fast, easy, and transparent loan process to their small business clients. Together with FIS, we are creating a win-win situation for banks and small businesses, and we look forward to expanding our reach and impact through this partnership.”
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