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iBusiness Funding Launches First-Of-Its-Kind Agentic Lending AI Solution and Announces $100 Million Commitment Toward AI

1. Ready Capital launched Lendsey AI for SMB lending, marking industry innovation. 2. A $100 million investment aims to enhance AI integration into services.

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Why Bullish?

The introduction of Lendsey AI can disrupt SMB lending positively, echoing past innovations like fintech boosts for banks. This could enhance RC’s market share and profitability.

How important is it?

The launch and investment commitment significantly position RC as a forward-thinking entity in the SMB lending arena, likely appealing to investors and enhancing stock performance.

Why Long Term?

AI advancements often lead to sustained efficiency and customer acquisition over time, reminiscent of Square's disruptive tech integration driving long-term growth in payment processing.

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FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--iBusiness Funding (iBF), the technology and lending services division of Ready Capital Corporation (NYSE: RC), today announced the launch of Lendsey AI – the industry's first agentic AI platform specifically designed for SMB lending. The business banking technology innovator also announced a $100 million commitment toward the advancement and integration of AI across its platform. “Today marks a major change for the way small businesses access capital,” sa.

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