Corporate Card Platform Cape and Open Banking Firm Basiq Partner on ‘Startup Launchpad’
Australian spend management platform Cape is collaborating with open banking platform Basiq on Basiq’s newly launched Startup Launchpad, according to a Wednesday (Sept. 15) press release.
The Startup Launchpad provides early-stage startups with access to real-time financial information, in addition to Basiq’s product suite. As part of the partnership, Basiq’s open banking technology will be integrated into the Cape application and risk analysis process, according to the press release. The integration is aimed at helping small and medium-sized businesses (SMBs) speed up the process of connecting their bank account and immediately verifying their identity, as well as account and income data with Cape. The result, according to the companies, is a quicker credit review, and, in turn, faster access to credit.
The joint effort will also provide Cape customers with …
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