The American Financial Technology Awards recognize excellence in the deployment and management of financial technology.
Small and mid-market businesses are crucial for economic growth, employing half of the workforce. However, 80% struggle to secure necessary financing from banks, leading to inflexibility, cost-cutting, and layoffs.
Raistone addresses this issue by partnering with businesses and using technology to provide integrated working capital solutions with an aim to enhance stability – offering easy access to working capital through cloud-based platforms and APIs.
“Through using our platforms and partnerships, we are not only able to help mid-market businesses with their receivables finance, but also with their payables finance and how they can support their suppliers,” says Swinda Salazar-Piquemal, Raistone Head of Alliances.
The recognition of Raistone in the AFTAs comes shortly after being ranked the 43rd fastest growing company in America on Deloitte Technology Fast 500 and being shortlisted at the 2023 Banking Tech Awards for “Best Embedded Finance System.”
