SMBs Starting to Become more Satisfied with Fintech Lenders

A new survey by 12 Federal Reserve banks says 35 percent of small business owners who received loans from fintech lenders are satisfied, up from 16 percent in 2016; small and large banks also saw their numbers rise though not at the same rate; speed was one of the key factors for the shift as small businesses like that fintechs provide loans significantly faster than banks; not all news was good as customers did not like the rates from online lenders. Source.

Todd is the Chief Product Officer of LendIt Fintech.

He is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists.

He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences.

He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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