• How this team is using AI to change small business lending

  • Feb 14 2025
  • Length: 24 mins
  • Podcast

How this team is using AI to change small business lending

Listen for free

View show details

  • Summary

  • This week on Warrior Money, hosts Patrick Murphy and Dan Kunze welcomed Alex McLeod, CEO, and Jay Long, COO of Parlay Finance—the innovative loan readiness platform that transforms the small business loan process. McLeod explained that many small business owners face a daunting, “pop quiz” style process when applying for loans. “Entrepreneurs shouldn’t be set up for failure simply because they lack a credit history or the right background,” she said. Inspired by helping Afghan female tactical platoon leaders during the evacuation, Parlay Finance was founded to make capital access more attainable. Partnering with banks, credit unions, and organizations like MasterCard (MA), Parlay leverages advanced AI and real-time data to analyze loan inquiries in under 10 seconds. However, Long emphasized that efficiency must be balanced with fairness. “By capturing data from the very start, we build inclusive models that serve all borrowers, not just those who already qualify,” he noted. Navigating strict regulatory and cybersecurity challenges, Parlay’s team—bolstered by military and cybersecurity expertise—builds a platform that meets the rigorous standards of its financial partners. The founders encourage aspiring entrepreneurs, especially veterans and military spouses, to start early, lean on their networks, and prepare financially before taking on debt. Yahoo Finance's Warrior Money, hosted by former Congressman Patrick Murphy and veteran investor Dan Kunze, is dedicated to uplifting the financial well-being of military veterans transitioning into civilian life. Each week, an array of guests—from everyday vets to high-ranking government officials—offer insight on successfully making the leap from service to business. Thoughts? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com.
    Show more Show less
Show more Show less

What listeners say about How this team is using AI to change small business lending

Average Customer Ratings

Reviews - Please select the tabs below to change the source of reviews.

Audible.ca reviews

Amazon Reviews
No reviews are available