We’re excited to announce that we’re partnering with Cashflow Capital. Based in South Africa, Fintech innovators like Cashflow Capital are powering a solution that enables businesses to get access to credit, while also empowering them to repay loans on better terms than traditional models would provide. Cashflow Capital was founded in 2014 with the aim to help SMEs grow and scale by leveraging their unique distribution channels and new credit modeling allows them to do this in a quicker, better way than other players in the market.
Michail Myburgh, CEO and Founder, Cashflow Capital explained why partnering with us has been beneficial: “Envestnet | Yodlee is one of the best partners we’ve integrated with. Their technology does much of the key heavy lifting work so that we can concentrate on building the important solutions that increases the value to our clients”
By using the Envestnet | Yodlee Data Aggregation API’s, Cashflow Capital now has access to our intuitive and developer friendly APIs along with access to 22,500 globally supported sites, meaning they not only get the data they need, but it’s ready to go, right out of the box, on day one. Further, they will be able to tailor the use of the API’s target solution – helping businesses stay on track with reasonable credit terms.
Our own Bill Parsons, Group President of Data Analytics and International Operations weighed in: “It’s great to see increased adoption of parties across the ecosystem. Cashflow Capital will now be able to help more businesses access capital that traditional institutions may not be able to provide due to using more restrictive models.”
Envestnet | Yodlee Data aggregation APIs allow customers to access both PSD2 and wider Open Finance institutions in a seamless and secure manner with the highest levels of security and customer experience. Further to this, our APIs allow for enrichment of data, meaning that Cashflow Capital can focus on adding value to their business instead of having to build additional layers on top of the data before being able to serve their customer base. In addition to this, Envestnet | Yodlee allows access to more than 22,500 institutions globally unlocking the potential for Cashflow Capital to truly scale globally.