In the News
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Ranqx, a Small Business digital lending platform transforming small business lending through automation and with real-time financial data, announced today the addition of Ryan Brooks to its Board of Directors. With over 20 years of experience in technology and financial services— and 16 of those in leadership roles—Brooks brings an expertise and innovative approach to creating state of the art technology solutions for financial services.
“As a company that drives innovation in the credit union industry, we are excited to add Ryan and his track record of driving innovation in the digital space.” Said Seth Brickman, President Ranqx.
“Consumers expectations are evolving at speeds we have never seen before, our solutions must meet consumers where they are with simpler and faster solutions.” says Brooks. “The first time I spoke with Dave, I heard the passion and drive to deliver a best in class solution to small businesses, I knew I wanted to work more closely with him and the Ranqx team to help bring technology solutions into these businesses. I look forward to serving on the Board and supporting the innovation and growth that is possible with the Ranqx team.”
Brooks has served WSECU for the last 16 years and prior to that worked in start-up technology providers serving Washington Mutual, The State of Washington, American Airlines and others. He serves as the CDO of Washington State Employees Credit Union (WSECU), where he oversees the Digital channels, Project Management, and Agile Program. Prior to his role as CDO, Brooks oversaw Digital Delivery and was instrumental in delivering a Best in Show CUNA Technology award winning product Digital Lending, which reshaped how WSECU delivered Consumer Lending experiences to members through the digital channel.
About Ranqx
Ranqx offers business lenders the world’s best fully digital, compliant loan origination, decisioning and monitoring platform. Ranqx focuses on delivering the best customer application experience possible. Ranqx supports lenders to digitally transition your organization with all the speed, revenue growth and cost saving benefits that it delivers as you positively impact community prosperity. -
Nashville, TN/Auckland, NZ. (Aug 26, 2024) – Ranqx a fully digital small business lending platform announced today that Washington State Employees Credit Union (WSECU) headquartered in Olympia, Wash. has made an initial investment into Ranqx through their holding company, One Washington Financial. Their commitment includes an agreement to implement the Ranqx platform for a community-impacting pilot. This investment will help further the research and development work Ranqx is doing to help credit unions drive community prosperity by[AF1] ensuring that small and medium sized business have access to the working capital they need to succeed.
“The best way to help communities thrive is to help small and medium sized businesses thrive,“ said Seth Brickman, President of Ranqx.
Brickman went on to share that research performed by the Consumer Financial Protection Bureau notes that, 'Small businesses are the engines of growth in our communities, driving wealth creation and upward financial mobility. When small businesses succeed, our economy is stronger, more equitable and more resilient."
Brickman said, “Providing working capital to SMB’s in a digital experience with decisioning in 5 minutes instead of the typical 2 week manual process will change the way SMB’s interact with credit unions.”
Credit unions are currently only receiving about eight percent of SMB lending and the majority of it is from commercial real estate loans. The ability to provide working capital loans, business credit cards and lines of credit will not only help small and medium-sized businesses thrive but will also drive depository relationship back to the credit union.”
“We are excited to partner with Ranqx to help the small and medium sized businesses that make up our communities, said Scott Daukas, Principal of One Washington Financial, WSECU’s holding company. “We want to provide capital to these organizations with an easy, streamlined experience, so that members can stay focused on growing their businesses. Ranqx will help us deliver on that vision while also providing the responsible lending practices that are expected of a world-class lender.”
Ranqx offers business lenders the world’s best fully digital, compliant loan origination, decisioning and monitoring platform. Ranqx focuses on delivering the best customer application experience possible. Ranqx supports lenders [AF5] to digitally transition your organization with all the speed, revenue growth and cost saving benefits that it delivers as you positively impact community prosperity.
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Media Contact:
Seth Brickman
President
Ranqx/Ranqx CUSO
425.949.6724
seth@ranqx.com -