back Back

Lendica launches instant-approval B2B payment plans with Altametrics

By Edlyn Cardoza

October 18, 2022

  • Altametrics
  • Boston
  • Cici
Share

Lendica, Altametrics, Instant-approval Payment Plans, Cici, PlumPOS Equipment, Underwriting, Financial Tools, Lendica ID, Embedded Finance, Boston, USALendica, a Boston-based software company, announces the rollout of instant-approval payment plans with Altametrics.

“We applaud Altametrics for their focus on ease of use, customer support, and quality underwriting,” says Jared Shulman, Lendica’s Co-founder/CEO. “The Altametrics’ team, with strong support from Cici’s, aided in a two-week installation of our embedded software package and provided helpful insights to promote instant, risk-based decisioning. This is a win for the franchise owners, who can enjoy as low as 5% APR financing, and small businesses everywhere who can benefit from our suite of reliable, instant funding tools in action.”

Altametrics, one of the leading providers of Enterprise Labor & Inventory Management Software Solutions for restaurants, is teaming up with the tech company to help customers easily purchase its newest line of PlumPOS equipment. Cici’s Pizza, a Texas-based pizza franchise powered by Altametrics, was the first to announce the option to their customers, and it has been well received – more than 30% of its franchisees have discovered the option to spread the $5-10k purchases across several months instead of upfront.

Embedded finance, as described in detail throughout Lendica’s website, brings a promise for better financial tools. Small business owners may be the ultimate beneficiary. “Small businesses have more accessible data than ever before,” explains Jerry Shu, Lendica’s Co-founder/CTO. “The trove of intel that lives in the small business’s digital headquarters – our term for SaaS providers like Point of Sale, Enterprise Resource Planning, or eCommerce platforms – can be used by lenders to quickly build an extensive risk profile or Lendica ID, and power robust analysis for instant credit decisions. Better data means better prices for small businesses across all regions and industries.”

Lendica has been quickly growing in the embedded finance space with a list of major partners seeking to adopt its technology. “We believe the future of banking is pretty simple,” says Shulman. “Give people the tools to finance their decisions from the places that inspire them.”

Previous Article

October 18, 2022

LPA appoints Matthias Schulz as Chief Technology Officer

Read More
Next Article

October 18, 2022

Crowdz selects GoCardless for open banking payment solutions

Read More






IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

February 07, 2025

Red Hat & neoleap drive application modernisation in Saudi Arabia

Read More

February 07, 2025

The Weekly Wrap: all you need to know by Friday COB | February 7th

Read More

February 07, 2025

Perfios acquires fraud-detection platform Clari5

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q4 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2024
Know More