- Funding search engine Fundica introduced a collaboration with Visa final week.
- The partnership will make it simpler for entrepreneurs to entry authorities funding.
- Headquartered in Montreal, Quebec, Canada, Fundica made its Finovate debut final 12 months at FinovateSpring 2023.
A newly introduced collaboration between North American funding search engine Fundica and Visa will democratize the method of securing authorities funding for SMEs, particularly these based and led by members of underrepresented communities. Collectively Fundica and Visa will supply an clever resolution that helps SMEs and entrepreneurs discover related authorities funding and personal sector grants based mostly on their particular person enterprise’ wants and targets.
“We’re thrilled to be working with Visa to additional democratize entry to authorities funding for small companies throughout North America,” Fundica co-founder and CEO Mike Lee mentioned. “Visa and Fundica are each deeply dedicated to fostering accessibility and inclusion in enterprise communities – making this collaboration an ideal match.”
Fundica’s platform allows small companies to establish and apply for related authorities and personal sector funding, whereas giving monetary establishments the power to advertise inclusion and function a extra complete monetary advisor to its SME shoppers. The expertise aggregates information from tens of hundreds of funding packages, leveraging methods from discovery and monitoring bots to funders, collaboration companions, and its personal inside analysis staff.
The search expertise for the enterprise buyer is easy; firms enter primary details about their enterprise and Fundica shows applicable funding choices so as of relevance. The answer presents every alternative in an in depth, one-page abstract, making it straightforward for enterprise clients to substantiate their suitability for the funding and to start the appliance course of. Funding sources embrace grants, tax credit, authorities loans and mortgage ensures from federal, state, provincial, and municipal entities – in addition to the non-public sector.
On the backend, FIs can see the profiles of the businesses on the lookout for funding and make knowledgeable connections with certified leads and shoppers. The platform additionally allows establishments to establish key enterprise behavioral traits. A number of the largest FIs in North America license Fundica’s AI-powered funding search engine to assist them purchase and retain enterprise clients.
Headquartered in Montreal, Quebec, Canada, and based in 2017, Fundica made its Finovate debut at FinovateSpring 2023. On the convention, Fundica’s Lee demonstrated new enhancements to the platform’s front- and back-ends. These enhancements included a site visitors augmentation resolution, improved site visitors conversion, and improved consumer engagement.
A Finovate alum for greater than a decade, Visa made its Finovate debut at FinovateSpring 2010 in San Francisco. The corporate can also be an alum of our builders convention, taking part in FinDEVr Silicon Valley in 2014.
All for demoing at FinovateSpring in San Francisco in Might? We’re completely satisfied to learn purposes from modern firms with new options which are prepared to indicate. Go to our FinovateSpring hub right this moment to be taught extra.
Photograph by Tim Mossholder