Announcing the 2023 Tearsheet Lending Awards winners

Tearsheet’s Lending Awards recognize and celebrate the industry’s top performers in the lending sector.

From innovative startups to established leaders, this awards program showcases the companies and products pushing the boundaries of digital lending and expanding the radius of access to financial services into underserved sectors.

This awards program showcases the achievements of some of the best in the industry and recognizes the great work among peers. 2023 was a challenging year for lenders, but some firms really shone.

Non Bank Lender of the Year: Intuit QuickBooks’ QuickBooks Capital

QuickBooks Capital streamlines access to capital for small businesses, automating the loan application process. With data analysis and machine learning, QuickBooks determines eligibility and loan amounts, serving underserved businesses, with offerings like direct lending, marketplace loans, and “Get Paid Upfront” invoice financing. QuickBooks’ access to comprehensive small business data enables it to extend loans to young businesses, addressing the underserved small business credit market, where approximately 60% of customers would not qualify for loans elsewhere.

Best Data Product for Lenders: Pagaya

Pagaya, an AI-powered lending network and issuer of U.S. personal loan ABS transactions, is working to reshape credit evaluation to enhance financial inclusion. Its technology enables real-time credit decisions for over 25 partners, like Klarna and Ally, particularly valuable in today’s tight liquidity and credit market. Pagaya’s pre-funded model allows firms to approve more loans without added risk, benefitting financial institutions, customers, and investors.

Best Anti-Fraud for Lending: SentiLink

SentiLink’s Facets, powered by proprietary identity data and a financial network, assists U.S. lenders with smart attributes for better fraud detection, streamlined customer onboarding, and risk-based decisions. In response to rising synthetic identity fraud, SentiLink uses machine learning and data from over 300 financial entities, helping lenders spot fraudsters and improve customer verification. Facets refines data for improved identity insights, customizes models, simplifies onboarding, and provides essential data to combat evolving fraud techniques.

Best Commercial Lending Program: American Express Business Blueprint

Within American Express Business Blueprint, its Business Line of Credit offers a quick online application process with real-time financial reviews, flexible access to capital, and various term options. Businesses can use what they need, when they need it – with no prepayment penalties. This flexibility and affordability make it a valuable resource for businesses looking for better financial management and growth.

Best Consumer Lending Program: Wisetack

Wisetack offers embedded consumer financing solutions within vertical SaaS platforms, focusing on essential in-person services and fostering growth for small businesses. Its transparent approach allows consumers to access services without hidden fees or paperwork. Wisetack collaborates with banks like Citizens Pay to benefit software platforms, merchants, and consumers, with plans to expand its reach and technology in 2024.