Parlay
Parlay helps community banks and credit unions qualify and convert more small business borrowers.
Parlay
Parlay helps community banks and credit unions qualify and convert more small business borrowers.
TL;DR
What they do: AI-powered Loan Intelligence System (LIS) to automate SMB loan intake, verification, eligibility assessment, and underwriting for community banks and credit unions
Target customers: Community banks, credit unions, and small-business lenders (SBA and conventional loans)
Team size: 11 employees
Funding (total): USD 3,190,000 (reported)
Founders: Alexandra (Alex) McLeod (CEO), James Cho (CTO), Jay Long (COO)
Company Overview
Problem Domain
Small-business lending operations for community banks, credit unions, and SBA/conventional lenders.
Industry
Financial services / Fintech
Funding Track Record
USD 3,190,000
Investor Signal
“Investors reported include JAM FINTOP, Fenway Summer, and Techstars”