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SME financing platform Rapid Finance acquires lendtech firm Thrive

October 4, 2022

Designed for banks, non-bank lenders and credit unions, Thrive’s end-to-end digital lending tech boosts operational efficiencies in the origination and underwriting processes for both SMEs and consumers.

The acquisition of the platform by Rapid Finance “represents a significant addition” to the company’s new technology business unit, Rapid Finance says, following a recent corporate rebrand and restructuring initiative.

Founded in 2005, Rapid Finance claims to have helped millions of small business clients find financing plans and provide access to capital when they need it most.

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