By leveraging Green Dot’s banking-as-a-service (BaaS) platform, Credibly Business Banking will provide small business owners with a more frictionless banking experience
Data science-driven fintech lending platform Credibly has teamed up with Green Dot, a financial technology and bank holding company, to expand the former’s suite of small business financial products.
The expansion will help Credibly to include accessible, intuitive and useful business banking solutions.
By leveraging Green Dot’s banking-as-a-service (BaaS) platform, Credibly Business Banking will provide small business owners with a more frictionless banking experience.
It will also respond to some of the major challenges with quick and easy account set up, enhanced cash flow management and rapid access to capital, said Credibly.
Credibly founder and co-CEO Ryan Rosett said: “The demand for seamless, accessible and intuitive financial tools for businesses remains on the rise, and we are thrilled to partner with Green Dot to add small business banking to complement our lending solutions.
“With a business checking account, customers will have faster and easier access to the cash, credit and capital they need to run and grow their business.”
Through the collaboration, Green Dot and Credibly aim to design business bank accounts by addressing the challenges. The partnership will help small business owners to access the capital they require.
The new business bank accounts will have online mobile banking equipped with full customer service support, quick account set up, overdraft protection, no fees for eligible deposits, and a nationwide ATM network to access money from any place.
Green Dot’s BaaS platform will allow Credibly to deliver small business customers a quality business banking experience.
Green Dot embedded finance enterprise business development head Simran Singh said: “Small businesses are a critical engine for economic growth, and we want to give them the power to bank seamlessly, affordably and with confidence.
“We are thrilled to partner with Credibly to power entrepreneurs with solutions that save them time and provide easier access to the tools and capital they need to grow their businesses.”