Pleasant Grove, UT (April 18th, 2019) – For Immediate Release – Alchemy Technology, Inc., industry-leading lending as a service organization offering lending operating system, high-end analytics and call center servicing announce the launch and collaboration of a “FinTech 3.0” financing company specializes in point of sales financing vertical.
In a short amount of time, our client has exceeded 1 million dollars in funding. Onboarded 20+ networks and have received thousands of applicants. There haven’t been any payment defaults to date.
Bits and Parts
Our client used our entire lending platform from website to loan management system to our payment gateway. Our data scientists also helped in designing the underwriting rules and algorithms to ensure the greatest approval rate and a great in office experience.
We are working with several point-of-sale fintech startups that are in the process of disintermediating the old guards of FinTech. With technology partners such as Plaid, Marqeta, Prime, and New-To-Credit credit bureaus, these new crops of FinTech startups are finding themselves on the verge of disrupting the market again.
FinTech 3.0 is all about enabling small businesses, merchants, and service providers to finance products and services to increase their sales and revenue. Using the latest technology and algorithms, they can now approve more consumers in their stores and offices.
Tech, Algo, Servicing Enabled
With Alchemy Lending Operating System, our clients can launch their FinTech products quickly to start generating revenue from their business model in a matter of months. Our out of the box solution in verticals such as Point of Sale Financing, Student Lending, and Home Improvement Loans is ready to provide Merchant Level access right away so our client’s network can immediately start driving applicants through their designated portal.
The Alchemy Lending Operating System provides a unique portal to our client’s network of businesses so they can generate traffic, follow their submissions all the way to funding. This functionality brings unprecedented transparency to all players on any B2B2C financing model.
Buy vs. Build
Loan Origination System, Credit Risk Underwriting, Algorithms are hard, but we made it easy for any FinTech startups, Special Financing Companies and Banks to launch their products without touching a line of code. Our domain knowledge in Banking and Lending and software engineering disciplines is what sets us apart.
Our platform is built in a modular way that any parts of it can use utilizes. If you have your own App, we have API calls to capture this information and render an immediate risk-based offer. If you have an existing servicing platform, you can use Alchemy’s Loan Origination Web/App flow and Alchemy A.I. to make upfront underwriting decisions.
Our system is flexible and it’s built with your current tech stack in mind.
Our singular vision is to enable the next generation of FinTech evolution with domain knowledge, technology, artificial neural network algorithm, and compliance-driven serving call center to deliver the best product experience for our clients, their partners and ultimately consumers.
Alchemy is industry-first lending as a service company offering our of the box technology, algorithms, and servicing to launch FinTech products for FinTech startups, specialty financing companies, and Banks alike. Our vertical workflow specializes in Point of Sale Financing, Student Lending, and Home Improvement spaces. Our technology offering includes website / mobile app, loan origination system, decision engine, loan management system, payment gateways, and secondary market access.
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