It’s Live, You Can Now Invest in a Credibly Warehouse Line Through Figure

This news highlights a shift in how small business lending is funded, which ultimately impacts the speed and availability of capital for your business. Credibly has officially launched its blockchain-based investment platform in partnership with Figure. By using blockchain technology to manage their warehouse lines (the pools of money used to fund loans), they are cutting out traditional banking middlemen. For a merchant or operator, this means lending companies are finding cheaper and faster ways to raise money. These efficiencies often trickle down to the storefront level in the form of faster approvals and more competitive financing rates. Instead of waiting on slow, manual processes from legacy banks, this 'modernized' capital market allows Credibly to board loan portfolios and access liquidity almost instantly. While the technology is complex, the result for the retailer is simple: more stable access to lending products for your operations and your customers. As more lenders move toward these automated funding models, the industry expected to see a decrease in the cost of capital and an increase in the speed of digital loan originations.

Source: deBanked

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