Payability vs Richie Lending

Payability

Payability
Payability

Payability provides finance solutions to suppliers of digital marketplaces for faster payments, specifically for Amazon Sellers.

The Payability platform integrates with digital marketplaces, most notably Amazon’s. Payability is an invoice factoring company: It purchases suppliers’ accounts receivable, allowing suppliers of those marketplaces to get paid for their sales on an expedited schedule.

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Richie Lending

Richie Lending
Richie Lending

Richie Lending - an online lending broker that sells loans at BUY RATE.

Richie Lending - an online lending broker that sells loans at BUY RATE.

BUY RATE is a secret rate at which lenders give loans to brokers. Brokers then present loans at SELL RATE which is usually 10-14% higher. Imagine you are a business owner and applied for a loan with one of the major BUSINESS LENDING BROKERS. That broker sends your file to a number of lenders and gets back a variety of offers.

With a simple subscription, you get access to Secret Interest Rates only lending brokers had previously access to. Richie Lending saves you on average 14% or up to $20k on every single business loan. We automated everything. We were able to automate 75% of the process at my previous startup. We automated almost 95% of the process at Richie Lending. Everything from receiving your application, pre-qualifying you for a loan, accessing your bank account, submitting to lenders, receiving offers and even notarizing contracts is automated. As a result of automation, we spend 300 times less money to process a loan than any broker in the country; we also do it 200 times faster. That's why we can do it 100 times cheaper.


Location: New York, United States

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