Lendica launches embedded lending software iBranch for SMEs

By Delisha Fernandes

Lendica, a Boston-based FinTech, announced the launch of the iBranch, an embedded lending software that changes how businesses access capital. The premiere rollout is with Versa Cloud, a leading cloud-based ERP.

Banks have pulled back lending and may face upcoming regulatory changes. Versa Cloud released the iBranch to ensure its small business customers are well served during these volatile times. The AI-powered lending tools are built to help SMBs fight market headwinds and take control of their cash flow.

“Small and medium-sized businesses are facing major challenges in today’s climate. Inflation has decreased their buying power, and monetary policy is crowding them out of credit markets,” said Jared Shulman, CFA, Lendica’s Co-founder/CEO. “This environment may be the beginning of a sea change in the banking industry. We expect most vertical SaaS businesses will offer lending over the next several years or run the risk of being left behind.”

Versa Cloud is an early adopter in the space, providing cutting-edge software to help SMBs manage invoice payments, track inventory, pay vendor bills and more. A full suite of digital lending tools is the latest addition to its offering.

The iBranch is built right into Versa Cloud customers’ daily workflows. SMBs can delay vendor bills using Lendica’s PayLater, speed up invoice collection from their customers with FundNow, or purchase a new piece of equipment with their DrawDown credit facility.

“Value is a big focus for us,” said Sunil Pande, Co-founder/CEO of Versa Cloud. “We offer the most comprehensive, cost-effective ERP solution today. Lending has always been top of mind, and we have been searching for a solution for several years. Lendica’s tools were the long-awaited answer to our search – we are excited to provide these benefits to our customers and support them during tough economic times.”