/plushcap/analysis/plaid/atom-bank-and-plaid-join-forces-to-lend-smes-a-hand

Atom bank and Plaid join forces to lend SMEs a hand

What's this blog post about?

Atom Bank, a digital-only bank, has partnered with Plaid to streamline the application process for business loans and offer near real-time lending decisions to small and medium-sized enterprises (SMEs). The collaboration leverages Open Banking data, enabling Atom to anticipate SME financing needs and deliver smart lending products. This partnership aims to alleviate challenges faced by SMEs, such as low productivity, high failure rates, and inefficient access to credit, which have been exacerbated by the COVID-19 pandemic.

Company
Plaid

Date published
Feb. 16, 2021

Author(s)
Keith Grose

Word count
365

Hacker News points
None found.

Language
English


By Matt Makai. 2021-2024.