Finova Capital Integrates with Northteq to Enhance Digital Lending
SEP 29, 2022 - 7:46 am
Finova Capital, an equipment financing and small business lending company, integrated Northteq’s Aurora Loan Origination System (LOS) and Aurora Partner Portal with its Merchant CashTap platform to create an enhanced small business lending experience. This integration allows Finova Capital to offer a point-of-sale, self-service solution giving quick access to financing products.
“Our goal was to build a simpler, faster finance solution for the small business lending and payment space. We chose to work with Northteq for their extensive experience providing enterprise-level Salesforce solutions to financial institutions. Northteq has been a significant partner in helping Finova successfully execute on our strategy,” Bob Neagle, CEO at Finova Capital, said.
Northteq and Finova Capital worked together to redefine the total Merchant CashTap experience. The focus on the user experience spans to its vendor and broker partners and the employees supporting their business. The upgraded experience provides automated, fully integrated digital credit scoring, underwriting, onboarding, signing and tracking. The enhanced platform supports Finova Capital’s vendor partners using Northteq’s embedded finance solution (API) to create a seamless merchant experience directly from their partners’ websites.
“We’re striving to simplify and redefine the lending experience from all aspects – for the borrowers, vendor and broker partners and employees. Whether that means using our full suite of Aurora products or just one, our focus is on creating a frictionless, thoughtfully designed user experience,” Kristian Dolan, CEO and founder of Northteq, said.
Northteq’s Aurora LOS and Partner Portal connects all origination workflows and areas of customer data entry allowing for effortless workflows, confidence in customer approvals and the elimination of manual, outdated processes.
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