Peach Finance, the leading modern loan management and servicing technology platform, announced it is powering Square’s credit card offering. The credit card integrates directly with Square’s broader ecosystem of solutions, enabling sellers to manage their cash flow from the same platform they use to run their business.
“Peach is enabling us to focus on growth by freeing up our teams to concentrate on what we do best: building innovative cash flow solutions to help our sellers.”
Peach’s flexible servicing solution is exactly the kind of modern, enterprise-grade infrastructure we need for scaling products like our Square Credit Card,” said Adam Turnbull, Head of Product, Square Banking. “Peach is enabling us to focus on growth by freeing up our teams to concentrate on what we do best: building innovative cash flow solutions to help our sellers.”
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Peach’s modern credit management and servicing infrastructure is enabling Square to rapidly scale their card program. Peach’s ledger handles all the complexities of grace periods and interest forgiveness, and generates the data for precise and compliant statements. Peach’s APIs also make it easy for Square to seamlessly populate their custom front-end with accurate and timely data. And Peach’s webhooks allow for prompt and auditable feeds of information back to mission-critical internal teams.
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“Square is one of the leading financial technology companies, and Square Banking represents the gold standard in financial services innovation.” said Noah Trugman, Peach’s CRO. “We’re proud to provide key infrastructure for their credit card program, and we look forward to collaborating with them as they continue to scale.”
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Source by: BUSINESS WIRE
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