Revenued Announces its First 1,000 Corporate Cards Issued

Revealed: May well. 18, 2022 at 1:29 PM EDT

JERSEY Metropolis, N.J., May 18, 2022 /PRNewswire/ — Revenued, the initially corporate card with Flex Line for the underserved and credit challenged modest company, declared now the thriving completion of its 1st 1,000 Playing cards and Flex Strains issued. Each and every Revenued Business enterprise Card will come with a Flex Line which allows tiny corporations to access cash in addition to applying their Card to swipe for costs. Revenued has reimagined underwriting for compact enterprise by employing facts and credit history expertise of about 1B in compact organization funding to build a credit history rating pushed by organization earnings and not the private credit rating rating of the operator.

“Just after pivoting to support about 130,000 smaller businesses for the duration of PPP elevate over 4B pounds, we are joyful to return to our core mission of ensuring obtain to funds for compact firms irregardless of credit rating,” mentioned Sol Lax, CEO of Revenued. “With the start of the Revenued Organization Card and Flex Line, smaller enterprises can access money in the most effective way. In comparison with regular merchant income progress which is rigid and pricey, Revenued puts manage back again in the arms of the tiny business owner.”

Highlights of the new Revenued Enterprise Card consist of:

• On the web application with speedy automatic underwriting
• On the net account management for Flex Line as nicely as card
• Better shelling out limits when in contrast to traditional cards
• 3% dollars back again benefits on all classification card paying

Highlights of the Revenued Flex Line include things like:

• Approvals up to $250,000 in attract potential
• On the internet application with tool established for managing hard cash stream
• Decrease charge when compared to serial MCA renewals

Revenued is a portfolio corporation of Capital Z Associates, a personal fairness fund specializing in money services. Led by a staff of pioneers from the different compact small business funding marketplace Revenued furnished a lot more than 130,000 corporations with about $4 Billion in financing for the duration of the Paycheck Security Plan (PPP). The Revenued Enterprise Card Visa® Professional Card is issued by Sutton Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. The Revenued Enterprise Card Visa® Commercial Card is run by Marqeta.

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