Lendflow - Middesk Partnership

We’re delighted to announce our partnership with Middesk, a market leader in business identity verification. Middesk brings a modern KYB (Know Your Business) and Identity-as-a-Service platform to Lendflow’s advanced Credit Decisioning Engine — a game-changing addition to our larger embedded credit ecosystem.

lendflow logo
By 
Gordon Bowman
 | 
 | 
July 15, 2022

Joining forces with Middesk, the market leader in KYB (Know Your Business) data, is a no-brainer.

Here’s the deal: onboarding businesses for financial products has grown into a veryreal and verycomplex issue. From a number of perspectives — including fraud, compliance and regulatory requirements, and messy data — evaluating prospective business borrowers can still be a manual and cumbersome process that often includes incomplete and stale information from data providers.

Before you can offer financial products to new customers — and before you spend additional dollars evaluating businesses from a creditworthiness and financial perspective — now more than ever, you need to quickly determine if a business, as well as its business owners, first satisfies your underwriting criteria.

The good news? Middesk’s proprietary data pipelines are built from the ground up to deliver the most complete, up-to-date KYB information… empowering lenders to confidently make smarter compliance, fraud, and underwriting decisions.

“Middesk has 100% coverage of all businesses registered with any of the 50 Secretary of States”

Through our partnership, Lendflow’s automated Credit Decisioning Engine will harness Middesk’s wealth of available SMB data to help fintechs, lenders, and Vertical SaaS companies confidently build smarter underwriting models and drive better decisioning outcomes.

Lendflow’s advanced data aggregation tools feed into customizable workflows that fit your credit underwriting criteria or policies. With limited information about a business, the connection to Middesk allows underwriters to quickly receive verification about the names and addresses of the business as well as Secretary of State and IRS details to confirm the businesses validity - which can be used and analyzed alongside other relevant data points.

Better data profiles drive deeper credit analyses and improved business outcomes. With Middesk, Lendflow can go where traditional lenders once failed and efficiently paint a complete credit picture on each borrower — driving faster turnaround times and more complete credit evaluations.

At Lendflow, we’re constantly striving to help lenders place capital in the hands of qualified customers — partnering with Middesk will help us achieve our mission to enable every company to provide seamless financial experiences to their customers, empowering them to reach their full potential.

To learn more about our latest partnership or to see Lendflow’s platform live and in-action, register for our upcoming Demo Day on Aug 3!

Sign up for our Demo Day - a laid back, no pressure, 30-min live demo. Like a webinar but way better!

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