Alternative Finances

Credibly Partners With JetPay To Advance SMB Lending

Credibly and JetPay Payment Services, a provider of debit and credit card processing services, have announced a new partnership.

As outlined in a press release yesterday (Dec. 21), the partnership will give JetPay’s distribution network streamlined access to Credibly’s lending platform, providing more capital for their U.S.-based small business clients.

“JetPay’s objective is to get our customers the payment processing and capital solutions they need while connecting them with partners who can deliver those solutions efficiently,” said Paul Compton, executive vice president and national sales director for JetPay Payment Services, in the release. “The integration of JetPay’s distribution network and Credibly’s customer-centric lending process will enable even more small businesses to obtain the capital they need to thrive.”

The partnership will give JetPay’s customers access to Credibly’s powerful lending platform, which has provided access to capital for more than 4,500 businesses in over 300 industries and increased revenue 100 percent in the last year alone. Founded in 2010, Credibly was named one of the 50 fastest-growing companies in New York by Crain’s in 2015 and appeared on the Inc. 500 list of the fastest-growing private companies in America for the second year in a row.

“At Credibly, we believe all businesses deserve access to right-sized capital, and our partnership with JetPay makes good on our mission to provide that access to as many entrepreneurs as possible,” Ryan Rosett, founder and chief revenue officer of Credibly, also commented in the press release. “We’re thrilled to partner with JetPay and help their distribution partners deliver more affordable capital to small businesses.”

Steven Begleiter, managing director at Flexpoint Ford, LLC, a private equity firm and investor in both JetPay Corporation and Credibly, also expressed his enthusiasm for the partnership, stating: “We are thrilled to see Credibly and JetPay join forces. We have a longstanding relationship with both teams and fully expect that JetPay’s existing partner network, coupled with Credibly’s strong sales infrastructure, will deliver impressive results for our investors.”


New PYMNTS Report: Preventing Financial Crimes Playbook – July 2020 

Call it the great tug-of-war. Fraudsters are teaming up to form elaborate rings that work in sync to launch account takeovers. Chris Tremont, EVP at Radius Bank, tells PYMNTS that financial institutions (FIs) can beat such highly organized fraudsters at their own game. In the July 2020 Preventing Financial Crimes Playbook, Tremont lays out how.