Validis Secures Major Investment from Citi and Barclays to Revolutionize Business Lending Solutions

Validis Secures Major Investment from Citi and Barclays to Revolutionize Business Lending Solutions

Validis, a prominent player in the field of financial data collection and standardization, has recently secured strategic investments from financial giants Citi and Barclays. This funding is set to enhance Validis’ innovative platform, which specializes in automating and standardizing data processes crucial for business lending, including corporate, commercial, and working capital financing.

Transforming the Lending Landscape

Validis offers advanced technology that automates financial monitoring, enabling the swift delivery of underwriting-ready data. This capability dramatically reduces the time needed for credit applications and reviews, allowing lenders to make quicker and more informed decisions.

Benefits of Validis’ Platform

  • Streamlined Processes: The automation of data collection and standardization simplifies traditionally cumbersome tasks.
  • Improved Risk Management: The platform ensures data reliability and consistency, critical for effective risk assessment.
  • Faster Decision-Making: Lenders can expedite their credit evaluation processes, enhancing overall customer service.

Future Growth and Innovations

With the new influx of funding, Validis plans to accelerate its growth trajectory through continuous product innovation and expanded marketing efforts. The company also aims to broaden its reach beyond lending applications.

Impact on the Audit Sector

Validis’ technology has proven transformative in the audit domain, partnering with over 100 lending and accounting firms to provide granular, transaction-level data. This audit-grade information offers unprecedented insights, empowering businesses to make robust financial decisions.

Leadership Insights

Michael Turner, CEO of Validis, remarked, “We’re eliminating historically time-consuming and high-cost data processes, particularly for complex commercial clients. This enables lenders to make faster, smarter decisions based on clean, reliable data.”

James Binns, Managing Director and Global Head of Trade and Working Capital at Barclays, highlighted the customer service benefits of this technology, stating, “By automating data collection and standardization, we can not only deliver faster decisions and better service but also offer client-focused working capital funding products at scale. This enables us to meet our customers’ unique needs while still adhering to our credit assessment standards.”

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For more information on how Validis is revolutionizing the financial services sector, you can visit their official website here. Additionally, explore more about financial technology innovations that are shaping the future of lending.

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