Transend and Midland States Bank have partnered to help suppliers offer their commercial customers instant access to working capital at the point of commerce. The companies will offer these dynamic payment solutions by leveraging Transend’s B2B private-label working capital solution, they said in a Monday (July 15) press release. “To partner with such a forward-thinking community bank as Midland States Bank to launch the Transend platform nationally is such a privilege, and we’re incredibly excited about the impact we can have together in the commercial space with their team by our side,” Matt Lekawa, founder and CEO at Transend, said in the release

Pipe is now using Peach Finance’s infrastructure to power and scale its embedded capital product.As a modern capital platform, Pipe selected Peach, a servicing technology platform, as a key infrastructure provider in 2023 and now has its production instance up and running, the companies said in a Wednesday (June 19) press release.“Pipe is committed to making capital and finance tools more accessible to small businesses,” Luke Voiles, CEO at Pipe, said in the release. “We lean on partners who are experts in their field, and servicing technology is a critical piece of that infrastructure. We have partnered with Peach to provide the flexibility to scale our embedded capital product.”Pipe has offered its working capital solutions directly to businesses since 2020, focusing on providing fast, frictionless, dilution-free financing to small- to medium-sized businesses (SMBs), according to the release.In addition, the company recently announced an expanded capital-as-a-service solution that enables it to reach SMBs through an embedded offering for independent software vendors (ISVs) and payment companies, the release said.When conducting the search for a servicing technology partner that led it to select Peach, Pipe was looking for a partner with a proven track record of performance with enterprise clients, with a product velocity that matches its own, and with a platform that provides the system of record for balance and payment management, per the release.“One of Peach’s key differentiators is its API-first and fully configurable architecture,” the press release said. “Once Peach was identified as Pipe’s vendor of choice, Peach configured the product in a single week. Pipe then built the integration over the subsequent six weeks, dedicating just two engineers, and had their production instance up and running in under two months.”By embedding financial solutions into the point-of-sale systems and software platforms that business owners rely on to run their daily operations, Pipe can connect small businesses with innovative capital and lending products that would have otherwise remained unobtainable, Voiles told PYMNTS’ Karen Webster in an interview posted June 11.“The number one pain point for small businesses is access to capital,” Voiles said.For all PYMNTS B2B coverage, subscribe to the daily B2B Newsletter

The team at Peach Finance recently conducted a survey of fintech lenders in order to obtain their feedback and insights regarding the current state of lending..As the fintech industry continues to grow and evolve, one of the most promising areas of innovation is lending. However, many lenders are held back by legacy infrastructure and struggle to fully embrace the potential of fintech. That’s where Eddie Oistacher and his company, Peach Finance, come in to provide viable solutions.As co-founder and CEO of Peach Finance, Eddie claims he is “disrupting the lending industry with his cloud-native lending technology platform.” By removing the limitations of legacy infrastructure, Peach Finance is enabling lenders “to fully embrace fintech and reach their full potential.”In an interview with Eddie, we learned about the challenges facing the lending industry, the considerable potential of fintech, and how Peach Finance is focused on helping lenders overcome the “limitations of legacy infrastructure.”Our conversation with Eddie Oistacher is shared below.Crowdfund Insider: What are some of the biggest challenges facing the lending industry today?Eddie Oistacher: Some of the challenges facing lenders are perennial, and some are due to our current economic climate. One of the perennial challenges for lenders is managing the tradeoff of “build versus buy” for key components of the lending stack — specifically for loan origination and loan servicing. The appeal of building these components in-house is twofold. First, all else being equal, it is preferable for lenders to reduce their dependence on third-party vendors