Small Business Lending in the Age of COVID: Fundation CEO Sam Graziano

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Recorded14 Oct 2020

Publisherbarefootinnovation.libsyn.com ↗

Handlerec:13672045

Show notes

Today's guest is Sam Graziano, the CEO of Fundation. In this episode, Sam tells us about Fundation's journey, starting with his own very usual mix of skills and then the company's launch as a direct line-of-credit lender to small businesses. He describes their epiphany, a few years back, in realizing that the technology platform they built was exactly what banks need in order to automate their own small business lending. Fundation had developed automated risk models that enable banks to say yes to business customers that, under traditional standards, would be rejected. Today, the company has a 50/50 split between direct lending and bank partnerships.

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