Tearsheet’s Lending Awards recognize and celebrate the industry’s top lending performance.
This awards program highlights the accomplishments of some of the industry’s best and celebrates outstanding work among colleagues.
Tearsheet’s Lending Awards recognize and celebrate the industry’s top lending performance.
This awards program recognizes firms and solutions that are pushing the boundaries of digital lending and expanding the radius of access to financial services into disadvantaged sectors, ranging from creative startups to established leaders.
This awards program highlights the accomplishments of some of the industry’s best and celebrates outstanding work among colleagues. 2023 was a difficult year for lenders, but some stood out.
Non Bank Lender of the Year: Intuit QuickBooks’ QuickBooks Capital
QuickBooks financing simplifies small businesses’ access to financing by automating the loan application process. QuickBooks assesses eligibility and loan amounts using data analysis and machine learning, assisting underserved businesses with products such as direct lending, marketplace loans, and “Get Paid Upfront” invoice finance. QuickBooks’ access to extensive small business data allows it to give loans to fledgling enterprises, targeting the underserved small business credit sector, where over 60% of customers would not qualify for loans elsewhere.
Best Data Product for Lenders: Pagaya
Pagaya, an AI-powered lending network and issuer of personal loan ABS transactions in the United States, is aiming to transform credit appraisal in order to improve financial inclusion. Its platform enables real-time credit decisions for more than 25 partners, including Klarna and Ally, which is very useful in today’s tight liquidity and credit market. Pagaya’s pre-funded strategy enables organizations to approve more loans without increasing risk, which benefits financial institutions, customers, and investors.
Best Anti-Fraud for Lending: SentiLink
SentiLink’s Facets, which are backed by proprietary identity data and a financial network, provide smart attributes to U.S. lenders for faster fraud detection, streamlined customer onboarding, and risk-based decisions. SentiLink employs machine learning and data from over 300 financial companies to assist lenders discover fraudsters and improve customer verification in response to escalating synthetic identity fraud. Facets improves identification insights by refining data, customizing models, simplifying onboarding, and providing critical data to combat new fraud strategies.
Best Commercial Lending Program: American Express Business Blueprint
The Business Line of Credit from American Express Business Blueprint provides a speedy online application process with real-time financial evaluations, flexible access to money, and a variety of term options. Businesses can utilize only what they require, when they require it, with no prepayment penalty. Because of its adaptability and low cost, it is a significant resource for firms seeking better financial management and growth.
Best Consumer Lending Program: Wisetack
Wisetack offers embedded consumer financing solutions within vertical SaaS platforms, focusing on essential in-person services and fostering growth for small businesses. Its transparent approach allows consumers to access services without hidden fees or paperwork. Wisetack collaborates with banks like Citizens Pay to benefit software platforms, merchants, and consumers, with plans to expand its reach and technology in 2024
