Lendica
Lendica provides fast and affordable finance on-demand for SMBs, offering AI-driven lending solutions through products like iBranch, Checkout, and Portal.
Services
Lendica provides fast and affordable finance on-demand for small and medium-sized businesses. They offer a range of embedded AI lending solutions, enabling partners to integrate their products seamlessly without any cost. Their services ensure no hidden fees, no early prepayment penalties, and checking eligibility does not impact the credit scores of their clients.
Products
Lendica offers a diverse range of products including iBranch, Checkout, and Portal. iBranch allows users to access credit from any location and integrates into existing workflows. Checkout extends payment terms at the point of sale to enhance cash flow efficiency and can be embedded into commerce platforms. Portal optimizes accounts receivable processes and consolidates various funding products. Additionally, Lendica’s funding products - PayLater, FundNow, and DrawDown - support specific financial needs such as delayed vendor payments, accelerated customer collections, and non-dilutive capital for business growth.
Funding Products
Lendica's funding products, designed for businesses with sales ranging from $1M to $50M, include PayLater, FundNow, and DrawDown. PayLater enhances buying power by allowing delayed vendor payments. FundNow accelerates customer collections and offers flexible terms. DrawDown provides non-dilutive capital intended for growth and significant purchases. Lendica has the capacity to fund deals up to $2.5M.
Headquarters
Lendica is headquartered at One Boston Place, Boston, MA 02108. This central location supports their operations, providing a strategic advantage for serving businesses across various regions.
AI-Driven Underwriting
Lendica uses AI-driven underwriting to make instant risk decisions for loan applications. This technology ensures quick, efficient decision-making, allowing for immediate funding approvals and reinforcing their commitment to providing fast and reliable financial services to small and medium-sized businesses.
Integration Capabilities
Lendica integrates with vertical SaaS, marketplaces, and other platforms to offer embedded finance solutions. They enable seamless incorporation of their products into partner systems, typically within a 2-week period. Partners benefit from a no-cost integration and can earn a portion of the revenue generated from Lendica's services.