Credibly has partnered with JetPay (NASDAQ: JTPY) to provide JetPay customers with streamlined access to Credibly’s direct lending platform.
Credibly founder and Chief Revenue Officer Ryan Rosett said he was “thrilled” to partner with JetPay to provide better access to capital for small business;
“At Credibly, we believe all businesses deserve access to right-sized capital, and our partnership with JetPay makes good on our mission to provide that access to as many entrepreneurs as possible.”
Online lender Credibly has provided access to capital for more than 4,500 businesses in over 300 industries. In the past year, the company has increased revenue 100% and was recognized by Crain’s as one of the 50 fastest growing companies in New York. Credibly also made its second consecutive appearance on the Inc. 500 list of the fastest growing private companies in America.
“JetPay’s objective is to get our customers the payment processing and capital solutions they need while connecting them with partners who can deliver those solutions efficiently,” said Paul Compton, Executive Vice President and National Sales Director for JetPay Payment Services. “The integration of JetPay’s distribution network and Credibly’s customer-centric lending process will enable even more small businesses to obtain the capital they need to thrive.”
PE firm Flexpoint Ford has invested in both JetPay and Credibly. Flexpoint MD Steven Begleiter explained;
“We have a longstanding relationship with both teams and fully expect that JetPay’s existing partner network coupled with Credibly’s strong sales infrastructure will deliver impressive results for our investors.”