This Week in Fintech's Podcast đ§ The future of small business lending, with Prashant Fuloria and Anchit Singh of Fundbox
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Apr 8, 2025 Prashant Fuloria, CEO of Fundbox, and Anchit Singh, CBO, discuss the future of small business lending. They emphasize how embedded finance is transforming funding access for SMBs, leveraging partnerships with platforms like QuickBooks. The guests dive into innovative underwriting methods, including cash flow assessments and data integration. They explore how fintech innovations are shaping lending solutions and the potential for future collaborations with banks. Technology and strong partnerships are key to empowering small businesses in today's economic landscape.
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Prashant's Fintech Journey
- Prashant Fuloria transitioned from product management at Google and Facebook into fintech, focusing on empowering small businesses with capital access.
- He joined Funbox early to use technology to level the financial services playing field for small businesses.
Embedded Lending Reduces Friction
- Embedded lending offers small businesses capital within the platforms they already use, reducing friction and improving access.
- This contrasts with traditional banks requiring repeated visits and document submissions for loans.
Embedded Finance Explained
- Embedded finance for SMBs means integrating financial services directly into platforms SMBs use.
- The evolution includes embedding products, using platform data for underwriting, and tailoring products to workflow context.