Business Wire
Icon Business Bank, a Southern California-based community business bank, announced a strategic partnership with ZimpleMoney to simplify private party financing for customers.
ZimpleMoney makes it easy to track and manage private financing in a secure, trusted environment.
This collaboration gives Icon Business Bank customers access to advanced loan servicing technology that streamlines the management of private loans, leases, and installment payments. Powered by ZimpleMoney’s cloud-based platform and open APIs, businesses can now offer private financing to their customers, creating new revenue streams while improving cash flow management.
“This partnership is about giving our customers more control and more options,” said Ernie Hwang, CEO at Icon Business Bank. “Whether it’s an auto dealer offering purchase financing, a seller note on a real estate transaction, or companies managing an ESOP loan, ZimpleMoney makes it easy to track and manage private financing in a secure, trusted environment.”
Catch more Fintech Insights : Enhancing Cybersecurity in Financial Services through Adversarial Exposure Validation
ZimpleMoney’s platform features multiple loan types, automated ledgering, integrated payments, borrower portals and detailed reporting—all designed to simplify the complexities of private financing and enhance trust between borrowers and lenders. It provides a compliant, professional framework that brings transparency and efficiency to every step of the process.
“More and more companies are utilizing some form of seller financing to grow their business, but are still relying on spreadsheets to manage it,” said Ted Tekippe, CEO at ZimpleMoney. “We’re thrilled to partner with Icon Business Bank to bring our technology to their customers, giving them the structure and confidence to scale.”
With this offering, Icon Business Bank continues to lead with innovation by offering tools that align with today’s business environment and provide access to more modern solutions.
Read More on Fintech : From Reactive to Resilient: 3 Practices to Help Financial Firms Thrive Amid Regulatory Change
[To share your insights with us, please write to psen@itechseries.com ]
