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Finovance

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Commercial direct lending platform offering fast growth capital for SMBs.

Overview

Finovance operates in the commercial direct lending sector, focusing on providing growth capital to small and medium-sized businesses (SMBs). The company utilizes its Sales Flow Financing technology to enable businesses to convert future revenue streams into immediate funding, with an average application time of just over nine minutes. The platform employs real-time AI decisioning to facilitate the lending process, allowing for approvals without extensive paperwork or personal credit checks. Finovance aims to address the funding gap for SMBs, offering resources for operational funding, expansion, and project financing, which may be beneficial for businesses that encounter challenges with traditional lending sources.

Key facts

Founded
2022

Business model

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Competitors & similar companies

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About Finovance

What does Finovance do?

Finovance operates in the commercial direct lending sector, focusing on providing growth capital to small and medium-sized businesses (SMBs).

Where is Finovance headquartered?

Finovance is headquartered in Orlando, United States.

When was Finovance founded?

Finovance was founded in 2022.

Which sector is Finovance in?

Finovance operates in Digital Lending, part of Financial Technology.

Who are Finovance's competitors?

Companies similar to Finovance include Idea Financial, Bridgement, and Backd.