About the Client

Credibly is a well-established FinTech company that has provided over $2 billion in financing to more than 30,000 small businesses across the US since 2010. Featured and trusted by Forbes, Credibly holds the Best Overall Business Lending Company Award, and is a stable member of the Inc. 500 list, also nominated as one of Crain’s 50 fastest growing companies in New York.

Solutions

Lerpal participated in creating and supporting a solution that unifies the documentation and management process for a diversified range of fintech products. These include a working capital loan, a merchant cash advance, a business line of credit, an equipment loan, a long-term business loan, and small business financing. There are only 3 steps users need to accomplish. This has given Credibly a competitive advantage over alternatives such as bank loans, credit cards, and SBA loans. Site users can submit their data and documents for immediate feedback and address their queries to an automated chatbot. The chatbot helps them navigate through the sitemap, prequalify online, and even take advantage of referral and funding partnership opportunities. 

Lerpal also conducted a website redesign, focusing on high user-centricity and optimizing usability to keep up with the ever-growing market standards.

We have supported Credibly in digitizing their credit scoring assessment system while increasing the security of both companies and customers’ data. 

Facilitating regular releases of new features, updates and redesigns, Lerpal augments Credibly’s teams in supporting the project throughout the entire product lifecycle.

Results

We supported Credibly in developing an application that revolutionizes the loan process for small and medium-size businesses. It automates every step of the user journey, from application to repayment. Thanks to that, users can pre-qualify in minutes and raise funding from $5K to $400K in less than 24 hours.

In addition to that, Credibly has launched fruitful funding and referral partnerships. They’ve also released a new product, Credibly Business Checking.