Read our latest report: Catalyzing positive change: business lending in the post-pandemic era
Overcoming the Coronavirus crisis
Deploy funds to your SME clients within days, when they need it most.
We’re helping banks give SME’s the funding they need, fast.
The Coronavirus Fintech Taskforce (CFT) was formed to offer a new business credit origination and underwriting infrastructure to lenders.
The taskforce’s expertise and technology has created the blueprint for a new turn-key origination and underwriting platform which helps banks, alternative and private debt lenders deploy funds digitally to businesses during the Covid-19 outbreak and beyond.
Servicing any type of term loans, invoice finance and asset finance, lenders can now quickly leverage the lending platform to instantly and safely issue loans in a fully virtual lending operation with built in risk assessment, KYC and insurance capabilities.
Only a small fraction of the funds that the CBILS* scheme has issued have been received by UK businesses. Why?
Banks are not able to deploy the funds quickly enough.
Our taskforce addresses this challenge.
*CBILS – Coronavirus Business Interruption Loan Scheme