Transend and Midland States Bank Partner to Offer Instant Working Capital Solutions
Transend and Midland States Bank have joined forces to revolutionize the way suppliers offer working capital solutions to their commercial customers. This partnership aims to provide instant access to working capital at the point of commerce, allowing suppliers to drive loyalty, increase sales, and accelerate accounts receivable with their commercial clients.
By leveraging Transend’s B2B private-label working capital solution, suppliers can now offer promotional terms at the point of commerce and get paid in full within 24 hours following the transaction. This new offering is set to transform the commercial space and enhance operational efficiency for growth corporates in North America.
Midland States Bank, known for its range of commercial and consumer banking products and services, is excited to collaborate with Transend on this innovative platform. CEO Jeff Ludwig expressed his enthusiasm for the partnership, highlighting the shared commitment to regulatory and compliance rigor.
The collaboration between Transend and Midland States Bank comes at a time when working capital solutions are increasingly essential for businesses looking to address cash flow challenges, navigate economic uncertainties, and propel growth. This strategic partnership is poised to make a significant impact in the commercial space and drive innovation in the industry.
In a similar vein, modern capital platform Pipe recently announced its partnership with Peach Finance to power and scale its embedded capital product, further emphasizing the growing importance of working capital solutions in today’s business landscape. Subscribe to the daily B2B Newsletter for more updates on this evolving industry.
