Business finance marketplace Funding Options has teamed up with predictive intelligence services provider DueDil to accelerate the process of SME finance applications.
The collaboration will enable Funding Options to identify friction points in financing application and expedite the process.
It uses DueDil technology that link billions of company data points from authoritative sources. The technology facilitates the procurement of relevant data in the background, pre-filling respective fields and thereby reducing time for submitting applications.
The move is expected to benefit small and medium businesses across the UK by increasing approval likelihood. On the other hand, panel of lenders will receive financing applications in complaint with necessary rules.
