MeridianLink, which provides modern software platforms for financial institutions and consumer reporting agencies, announced Thursday (March 10) that it intends to buy StreetShares, a FinTech for small business lending.
According to the press release, StreetShares’ Atlas Platform program lets banks and running in a fully digital business lending environment within 45 days or less. The Atlas Platform lets community lenders use data-driven tech to help with banking for smaller businesses, adding new risk assessment tools.
MeridianLink CEO Nicolaas Vlok said StreetShares was attractive because of the way it wanted to provide lenders with lending capabilities including business loans, automated decisioning and business credit.
“Adding the StreetShares team, technology, and strong partnerships with organizations like Fiserv to the MeridianLink family will accelerate our small business lending capabilities and further strengthen our MeridianLink One platform,” Vlok said in the release.
In addition, Mark L. Rockefeller, co-founder and CEO of StreetShares, said the company was glad…
