DataMerch.com Surges Past 10,000 Records
Online underwriting database for the alternative financing industry experiences wide adoption and growth
TAMPA, Fla., Nov. 28, 2017 /PRNewswire/ -- Today, DataMerch.com, an online underwriting database for the alternative financing industry, announced that they have surpassed over 10,000 records in their database. After creating the online database only two years ago, DataMerch has experienced rapid growth in users and records to reach this milestone.
Director of Credit Risk Management at 1st Merchant Funding LLC Dylan Edwards commented, "DataMerch has been an excellent resource for 1st Merchant. We've been able to get additional information on potential clients that we wouldn't have had otherwise. This really helps our underwriting decisions and adds another layer of safeguard. It's something our industry needed for a long time."
"We make it easy for our members to search and enter records on our platform," said co-founder Scott Williams. "Members can easily enter records manually, send us an excel spreadsheet for mass uploads or they can integrate their underwriting software using our API to automate the process." Scott added, "We are thrilled to see the enthusiasm and positive feedback we have received. Funders see the value DataMerch brings by revealing if a future client has a bad track record in the alternative funding industry. DataMerch can literally save a funder hundreds of thousands of dollars; that's why we have been able to grow so much in the first few years. We expect the growth of members and records to continue to grow at a rapid pace."
DataMerch's leadership said they plan to continue to add new features and improvements to their platform. DataMerch currently offers members fraud alerts, API access, unlimited searches and uploads, personal support, and more. They plan to offer data reporting and analytics for trends within different categories soon.
About DataMerch
DataMerch LLC was founded in 2015 and is designed to help Funders determine if a future client of theirs has a bad track record in the alternative finance industry. DataMerch members can scrub their files using DataMerch's specifically designed FEIN search and enter unsatisfactory businesses into the database. DataMerch currently has over 40 industry-leading subscribed members working together as a community. DataMerch continues to grow subscriber base and record count daily. DataMerch can be accessed at https://www.datamerch.com and contacted at [email protected].
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