Maryland-based Rapid Finance, an established technology-powered financial services company that has been providing working capital and other financing solutions to small businesses in the US, has acquired Thrive, a digital lending platform provider. Banks, credit unions, and non-bank lenders have depended on Thrive’s end-to-end digital lending platform to achieve operational efficiencies through a streamlined origination process and efficient underwriting options. Therefore, this acquisition will enable Rapid Finance to support the growing market need for more straightforward, trusted, and faster loan options by ensuring more efficient lending through intelligent application, underwriting, origination, decisions, and servicing automation.
