How they describe themselves: StreetShares, founded by bankers and military veterans, is a FinTech company that helps financial institutions provide high-quality loans to small businesses. The company was founded as a low-cost, digital lender and has built one of the highest-performing underwriting platforms in America. Now the company has launched a lending-as-a-service (LAAS) platform for financial institutions to affordably make small business loans through an integrated digital experience, which can have banks lending in 30 days.
How they describe their product/innovation: The StreetShares Platform allows community banks and credit unions to offer high-quality small business loans through a fully-digital, omni-channel, white labeled experience. The platform serves the entire lifecycle of business loans, from customer acquisition to servicing and support. It allows financial institutions to provide instant approvals and 24-hour funding. Most important to institutions, the platform can be up and running in 30 days with no core software integration.
Product distribution strategy: Through financial institutions, through other fintech companies and platforms, licensed