JetPay Payment Services, a unit of JetPay Corp., is working with the lending platform provider Credibly to give JetPay's distribution network access to Credibly's technology.
Credibly provides access to capital for more than 4,500 businesses across 300 industries, according to a Dec. 21 press release. JetPlay states that Credibly's platform is complementary to its own payment processing services.
"JetPay’s objective is to get our customers the payment processing and capital solutions they need while connecting them with partners who can deliver those solutions efficiently," said Paul Compton, executive vice president and national sales director for JetPay Payment Services, in the release. "The integration of JetPay’s distribution network and Credibly's customer-centric lending process will enable even more small businesses to obtain the capital they need to thrive."
The private equity firm Flexpoint Ford LLC is an investor in both JetPay Corp., of Berwyn, Pa., and Credibly, a Troy, Mich.-based company formerly known as RetailCapital.