Business Loan Providers
The lending industry is rapidly evolving, constantly demanding from financial institutions new and effective solutions to meet customer needs.
With Wallester, you can optimize your work with business customers and significantly speed up the loan process, thereby increasing your brand loyalty and company profitability!Let's get in touch
So, let’s take a look at the most pressing problems faced by business loan providers and the solutions we offer.
Submitting multiple applications
It is common knowledge that a borrowing company needs to submit a new application each time it applies for a business loan. Processing applications from firms that apply to you repeatedly, significantly slows down the lending process, which, in its turn, causes inconvenience for customers and is a waste of time for everyone involved in the transaction.
One application with prolongation feature
We offer you to get rid of the system of multiple processing of applications! Now the client needs to apply for a business card only once and from then on your credit line will be used automatically — no need to fill in repeated applications!
Low crediting speed
Borrowers usually want to receive credit funds as quickly as possible, but bank transfers often take from several hours to several days. Long transfers make business customers unsatisfied and force them to look for faster financing options by reaching other business loan providers.
Long transfers are a thing of the past! With Wallester, you can issue your own branded physical and virtual payment cards that give customers instant access to funds as soon as a business loan is processed!
Bank involvement in the loan process
By participating in transactions, banks get information about the amounts transferred and the arrangements between the lender and the borrower, which can subsequently have a negative impact on the credit history of the applicant firm. In this regard, bank intermediation discourages potential clients, significantly reducing the number of loans you issue.
Autonomy and privacy
With Wallester, you can build strong, long-term relationships with your customers by removing the bank completely from the loan process! You will be independent of the intermediary banks, autonomous and provide your customers with complete confidentiality!
Low brand awareness
Credit funds are usually credited to the firm’s bank account, whereupon your interaction with the borrower ends. Thus, after receiving the loan, the client is no longer reminded of your brand, which greatly reduces the likelihood that he will reapply to your company.
A customized image product
Wallester offers to increase your brand awareness by issuing branded debit cards, the use of which will remind customers of your company, strengthen business relationships and encourage borrowers to continue to use your services!
Lack of loyalty programs
Lack of your own payment cards deprives you both of the opportunity to run loyalty programs with cashback bonuses, and provide customers with partners’ discounts when paying for purchases with your company card. Such offers could increase customer interest in your services and, accordingly, increase revenue.
Customer focus and increased revenue
Open up new perspectives for yourself! Wallester will help you to launch your own credit cards, which will give you the tools to have extra income and attract customers! You will be able to run cashback programs for cardholders and offer various discounts and bonuses, motivating customers to use the services of your company as actively as possible!
Provide borrowers with instant access to their credit limit thanks to immediately issued virtual cards that can be connected to Apple Pay, Google Pay or Samsung Pay mobile payment systems, as well as used to pay for online purchases.
All types of payment cards can be tokenized, allowing you to connect them to Apple Pay, Google Pay, Fitbit Pay, Garmin Pay or Samsung Pay mobile payment systems, ensuring secure and convenient transactions.
Analyze where and how often your customers use their credit limit and personalize your offers based on that information.
Get extra profit by setting fees for monthly card maintenance, ATM withdrawal fees, card replacement fees and much more.
Optional Plastic Card
Providing your customers with virtual cards, you will also be able to offer them a plastic card. Your customers will get instant access to credit funds via a virtual card, whereas the plastic card will be delivered later.
Notifications via REST API
Set up an instant notifications system which will allow you and your clients to be informed about all the transactions in real time: via Push notifications, SMS or other communication channels according to your company’s business processes.