Toronto’s Uplinq Financial Technologies has been named a finalist for a 2024 Finovate Award in the Most Impactful AI-Based Solution category.
Uplinq is a global credit decisioning support platform for small business lenders that has served as a foundation for more than $1.4 Trillion in underwritten loans to date.
Uplinq’s technology empowers lenders to approve and manage risks on loans they would have otherwise declined based on traditional loan underwriting criteria, while incorporating environmental, market and community data to better understand the specific loan applicant.
The Finovate Awards recognize companies driving fintech innovation forward and the individuals bringing new ideas to life. The winners will be announced during FinovateFall on September 10, 2024.
“We’re very grateful and proud to be picked as a finalist by the 2024 Finovate Awards, alongside other industry innovators pushing the boundaries of what’s possible in fintech,” said Ron Benegbi, CEO and founder of Uplinq.
“Our mission is simple: to expand access to fair working capital for small business owners globally. We deliver on this mission through our AI-powered technology and alternative data sets, so it’s incredibly rewarding to see these exact solutions recognized by such a prestigious institution. It’s only onward and upward for Uplinq – the rest of 2024 and beyond.”
Today’s announcement builds on Uplinq’s remarkable growth trajectory, which includes the recent additions of strategic advisors Matt Baker and Derek Ellington – former Visa and Wells Fargo executives, respectively.
Earlier this year, Uplinq released a white paper on fair and accessible lending for small business and was named to MasterCard’s prestigious Start Path Small Business program. In May, Uplinq was selected a Banking Tech Awards USA winner for the second consecutive year.
The fintech startup has raised just shy of $6 million in seed capital, most recently a strategic investment last year from Cambrian Ventures, a venture capital firm focused on early-stage fintechs.
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