Fintech
Uplinq Named Finalist for 2024 Finovate Award in AI Innovation
from Toronto Uplinq Financial Technologies has been named a finalist for the Finovate Award 2024 in the category “Most Influential AI-Based Solution”.
Uplinq is a global credit decision support platform for small business lenders that has formed the basis for more than $1.4 trillion in loans underwritten to date.
Uplinq’s technology enables lenders to approve and manage risk on loans they would otherwise reject based on traditional loan underwriting criteria, while incorporating environmental, market and community data to better understand the individual loan applicant.
THE Finovate Awards recognize companies driving fintech innovation and individuals bringing new ideas to life. Winners will be announced during FinovateFall on September 10, 2024.
“We are incredibly grateful and proud to have been chosen as a finalist by the Finovate Awards 2024, alongside other industry innovators who are pushing the boundaries of what is 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 accomplish this mission through our AI-powered technology and alternative data sets, so it’s incredibly gratifying to see these exacting solutions recognized by such a prestigious institution. It’s only onward and upward for Uplinq, for the rest of 2024 and beyond.”
Today’s announcement builds on Uplinq’s impressive growth trajectory, which includes the recent additions of strategic advisors Matt Baker and Derek Ellington, former executives at Visa and Wells Fargo, respectively.
Earlier this year, Uplinq has released a white paper on fair and accessible lending for small businesses and was nominated for the prestigious MasterCard award Start Path Small Business ProgramIn May, Uplinq was selected as US Banking Technology Awards winner for the second consecutive year.
The fintech startup has raised just under $6 million in seed funding, most recently strategic investment last year from Cambrian Venturesan early-stage fintech-focused venture capital firm.