Funding Circle partners with AI-backed SME software platform
Alternative lender Funding Circle has agreed a partnership with Pri0r1ty Intelligence Group, an AI software solution for businesses.
Under the agreement, Pri0r1ty’s customers will be able to access Funding Circle loans of up to £750,000, subject to Funding Circle’s lending criteria. Pri0r1ty will be paid an introducer commission of up to 6.5 per cent on all loans made to its customers.
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Pri0r1ty said the collaboration will significantly enhance its offering and expand its footprint within the SME technology landscape by enabling its customers to access alternative debt financing options via its platform.
Pri0r1ty will be offering this solution to active and new customers. The Pri0r1ty Advisor large language model will complete each application and repayment schedule autonomously.
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“We are thrilled to forge this partnership with Funding Circle,” said James Sheehan, chief executive of Pri0r1ty.
“This collaboration opens up exciting opportunities for us and propels our mission to redefine how small businesses grow. Together, we are committed to providing businesses with faster and more accessible growth solutions that meet their evolving needs.
“We believe this partnership is just the beginning of a series of strategic initiatives that will drive our future growth. We’re excited to integrate new services on the platform that add value to our customers and drive revenue beyond our Software-as-a-Service (SaaS) subscription model.”
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