Ranqx

Since 2021, U.S. entrepreneurs have submitted five million new business applications per year, according to the U.S. Census Bureau. And in 2023, the number of new small business formations increased by nearly 9% compared to the previous year, suggesting that the growth of the small business sector shows no signs of abating… Fintechs, however, have an opportunity to approach small businesses from a different angle. The best way to do this is by offering a superior lending experience, which could include a simpler application process, faster decisioning and funding… How Fintech Lenders Can Help Capture Small Business Opportunity Jake Osborne·Jun. 11, 2024 Ranqx CUSO provides this superior lending experience. From application to recommended decision in only 5 minutes. Ranqx directly connects to accounting systems and builds P&L's and balance sheets, we pull tax returns, Ranqx calculates all the necessary ratios and provides over 1,000 data points for the loan. There is no better experience for your members or your loan officers. www.ranqx.com

Ranqx (CUSO) had an amazing time at VentureTech. Being able to share how SMB working capital lending not only drives community prosperity but also helps credit unions grow and have greater impact to their field of membership. With over 33M small businesses in the US, credit unions have an opportunity to make a huge difference in their communities. Thank you Silvur for a great pickleball outing and to Nick Evens for being a great sport and leader of VentureTech. If you have never seen a "Haka" come to VentureTech next year and see the incredible Dave Lewis. www.ranqx.com

Ranqx Welcomes Ryan Brooks of WSECU to its Board of Directors   10/28/2024 – Ranqx, a digital lending platform transforming small business lending through automation and with real-time financial data, today announced the addition Ryan Brooks to its Board of Directors. With over 20 years of experience in technology and financial services, Brooks, who is WSECU’s Chief Digital Officer, brings an expertise and innovative approach to creating state-of-the-art technology solutions for financial services.   “As a company that drives innovation in the credit union industry, we are excited to work with Ryan and benefit from his record of innovation in the digital space.” Said Seth B., President of Ranqx.    “Consumers expectations are evolving at speeds we have never seen before, and our technology must meet consumers where they are with simpler and faster solutions.” says Brooks. “The first time I spoke with Ranqx founder Dave Lewis, I heard his passion and drive to deliver a superior solution to small businesses. I knew I wanted to work with him and the Ranqx team to help bring technology solutions into these businesses and make their work easier and more effective. I look forward to contributing to the growth and innovation that is possible for Ranqx in my role as a board member.”   Brooks has been with WSECU for 16 years. Prior to that he worked for start-up technology providers that served Washington Mutual, the State of Washington, American Airlines and others. As Chief Digital Officer (CDO) of WSECU, he oversees the digital channels, project management, and its Agile program. Brooks was instrumental in helping the credit union develop a Best in Show @CUNA Technology award-winning Digital Lending product, which reshaped how WSECU delivered consumer lending experiences to members through the digital channel.   About Ranqx Ranqx offers business lenders the world’s best fully digital, compliant loan origination, decisioning and monitoring platform. Ranqx focuses on delivering the best customer application experience possible. Ranqx supports lenders to digitally transition your organization with all the speed, revenue growth and cost saving benefits that it delivers as you positively impact community prosperity.