Embedded lending
Partnerships
Payments
Press
AI Startup Raises $110m to Help Customers to Kill Its Own Category
Read more

Daylit and CSG Forte: Embedded Business Lending

Daylit (formerly Lendica) and CSG Forte partner to bring embedded business credit to U.S. SMEs.

Jared Shulman
January 30, 2024

Historical Daylit announcement. Product availability, integrations and financing terms below describe the announcement at publication; confirm current details before relying on them.

BOSTON, Jan. 30, 2024 /PRNewswire/ -- Daylit, an embedded AI lending company, and CSG Forte, a CSG® (NASDAQ: CSGS) company and a leader in complete and customizable digital payments, announce a strategic partnership to deliver an embedded business credit solution to small and medium sized US companies.

Daylit and CSG Forte's offering, called the iBranch, is an embedded financing service that enables SMBs to borrow money from their software vendors instead of traditional financial institutions.

Embedded lending makes a financing application available within business software. The announcement describes the partnership’s intended distribution model rather than a verified market-growth forecast.

CSG Forte is partnering with Daylit, a leader in embedded lending solutions, to bring the solution to its Independent Software Vendor (ISV) partners and their merchants.

Daylit said the partnership aimed to use business data and embedded distribution to improve the financing experience. Actual terms depend on underwriting and the approved offer.

Jerry Shu, the company's CTO/Co-founder, adds that the power of AI-driven credit underwriting shines with rich, embedded datasets that banks and non-bank lenders struggle to process.

The benefits of embedding lending extend beyond happier and healthier borrowers. ISVs benefit as well, earning a portion of the fee revenue generated from their embedded lending program and experience enhanced customer loyalty.

Through this partnership, CSG Forte's diverse range of ISV partners and their merchants, including those in industries like field services and property management, can benefit from an innovative, embedded lending experience. For example, property management merchants may leverage this easy-to-use solution to access capital for building repairs and needed supplies or to engage in professional services to promote their business. The easy access to affordable capital empowers merchants and elevates their potential for future growth.

Further reading

Embedded finance brings lending and payments into the software businesses already use. See Bain & Company’s analysis.

Related guidance: Embedded Lending for Vertical SaaS and ERP Platforms; Daylit and EBizCharge: SMB Payments and Financing.

References

‍

Insights

You might also like...

Daylit vs. Oddr: Which One Moves a Law Firm's Collection Cycle Faster?
Oddr and Daylit both sell AI to law firm billing and collections teams, but they go after different halves of the revenue cycle. Here's how each one handles billing, disputes, and collection, using only what each has published.
Read more
Daylit vs. Oddr: Which One Moves a Law Firm's Collection Cycle Faster?
Report
Your AR Inbox Isn't Slow. It's a Trust Problem.
Automated replies aren't risky because the AI sounds robotic. They're risky because you don't know what they'll say. Here's how Daylit lets AI answer routine customer emails from your own templates, checked again before every send.
Read more
Your AR Inbox Isn't Slow. It's a Trust Problem.
Accounts Receivable Automation
Daylit vs. Monk: Collection Automation Compared for Mid-Market Teams
Monk and Daylit both go live in days and both pause follow-ups on disputed invoices. Here's where the two actually split: on what gets measured, how disputes get worked, and cash that can't wait for the customer.
Read more
Daylit vs. Monk: Collection Automation Compared for Mid-Market Teams
Report
No items found.