9 Spokes secures deal with US fintech to distribute business insights platform

9 Spokes secures deal with US fintech to distribute business insights platform

Business insights company 9 Spokes (ASX: 9SP) has signed a five-year distribution partner agreement with US fintech Fundation Group enabling the promotion of the 9 Spokes platform to the US market.

Fundation is a digital lending platform currently servicing a cross-section of banks, business-to-business merchants and other institutions within the finance sector.

By leveraging its technology, the company supports small-to-medium business (SMB) customers and banks, driving cost-efficiency in lending programs and enabling its partners to make better credit and fraud risk decisions based on data and statistical analysis.

Under the distribution agreement, the 9 Spokes platform will be introduced to Fundation’s banking relationships and other commercial enterprises for the benefit of SMB clients.

The companies will also collaborate on the development of a suite of additional features, including ones which enable Fundation data to be presented through the 9 Spokes platform.

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Source: 9 Spokes secures deal with US fintech to distribute business insights platform