LONDON (PRWEB UK) 18 December 2017
ezbob is pleased to announce that its white label LaaS platform has won Best Technology Initiative for 2017 from the Financial Innovation Awards.
Tomer Guriel, CEO of ezbob stated, "its great to to receive recognition from the banking industry in which we operate. We launched our platform in 2012 and have continuously developed the technology to a point where an SME can apply for business funding online in less than 10 minutes with no paperwork and receive funding within hours."
Guriel added, "we view our technology as a facilitator for financial inclusion. As an entrepreneur, we all know how long it typically takes to apply for a loan from a bank and as a business owner, time is precious. We at ezbob, made it our mission to expedite the process and we believe that we have revolutionized SME borrowing experience."
ezbob's lending platform caters to the UK's entire 5.2M SMEs from Sole Traders, Partnerships and Limited Companies.
ezbob clients include RBS / NatWest under the ESME loans brand as well as Clydesdale Yorkshire Bank.
The Financial Innovation Awards are judged by the London Institute of Banking and Finance as well as UK Finance; an organisation that combines the activities of major UK organisations including the Asset Based Finance Association, the British Bankers Association, the Council of Mortgage lenders and more.
ezbob is a UK based 'Lending as a Service' software provider for banks and other financial institutions. The company's leading product is an digital end to end business loan platform.
The automated online platform analyzes the applicant's personal and business information, including links to business bank accounts, online marketplaces, online accounting providers, payment service providers, and e-commerce platforms with which ezbob is integrated. ezbob compiles this data into a workable client profile in an instant so that its risk engines can make a qualified decision, allowing the approved applicants immediate funding.
Oak Tree Capital, Bank Leumi, the Hagshama Fund and the UK Government's Business Bank's Angel Co-Fund are equity investors in the company. Partners include Alibaba.