FinMkt, Inc., a New York-based provider of technology and infrastructure for the online lending industry, announced last week the expansion of its referral partnership program by providing its advanced technology to select referral partners through its small business loan platform, BizLoans.io. This news comes just six months after FinMkt secured its $5 million equity round, which was led by venture capital firm ManchesterStory Group.
According to FinMkt, the FinMkt Referral Partner Program for small business loans takes strength from its already successful personal loan, multi-lender platform, Lendvious.com. Luan Cox, Chief Executive Officer of FinMkt, stated:
“The launch of our premier, fee-waived, multi-lender business loans platform to only the best brokers and referral partners is a true innovation for the commercial lending space. By offering transparency and sophisticated technology to our partners, we enable them to build their businesses faster and serve their clients better.”
FinMkt’s referral program offers the following features: a tailored website landing page, online application with built-in loan-type qualification tools, encrypted document uploading, e-signing, a reporting and tracking portal and a proprietary algorithmic matching engine. Additionally, all of the tools that FinMkt provides to its partners work seamlessly on mobile, tablets, and any browser. Ben Earnhart, CEO of Complete Capital Group, which is a partner of FinMtk, added:
“We no longer need a placement agent, who spends all day matching files with lenders. We get offers back quicker than ever before. It also allows us to offer the platform to our sales representatives and partners. While tracking all of the activity in real time, the FinMkt platform creates transparency in an industry sorely lacking in it.”