Funding Options partners DueDil to speed up SME funding

Business finance marketplace Funding Options has partnered with predictive intelligence platform DueDil to simplify its customer journey and speed up finance applications.

The partnership aims to improve financing outcomes for customers by improving the fit between customer and lender, therefore speeding up the application process.

DueDil uses proprietary matching technology to link billions of company data points from authoritative sources. This will let Funding Options pre-empt friction points that business borrowers might encounter during finance applications. The technology sources necessary data in the background on their behalf, pre-filling fields and cutting down the size of the application form.

Simon Cureton, chief executive of Funding Options, said: “From our partnership with DueDil to our commitment to help thousands more small businesses benefit from Open Banking, we are constantly building a more efficient platform for our customers, connecting them with the best products and services for their business.”

Justin Fitzpatrick, co-founder and chief executive at DueDil, said: “As financial service increasingly moves to an ecosystem of providers, seamless digital customer journeys and authoritative information for fast decision-making are key to opening up the market.

“DueDil and Funding Options are bringing together a best in class digital customer journey with a deep pool of financing providers, ensuring that small businesses of all shapes and sizes have access to the capital they need to grow.”

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