Core10 acquires Accrue to advance lending tools


FinTech solutions startup Core10 acquires financial analysis firm Accrue Technologies to bring new configurable lending and banking applications to community banks and credit unions, according to a press release on Wednesday, October 6.

As a combined entity, the company will deliver scalable FinTech tools that will bring user-friendly digital banking solutions to community banks, credit unions, FinTechs and consumers.

Core10 offers API integration and software-as-a-service (SaaS) implementation services to bring US talent closer to FinTechs and financial institutions (FIs) striving to solve the industry’s biggest problems . Incrue’s banking platform was developed to help small and medium-sized financial institutions compete in a digitally driven ecosystem and offers the technology offered to large banks without the larger budget.

Built on the Salesforce platform, Accrue360 from Accrue extends configurable lending and banking applications developed to meet the needs of community banks and credit unions.

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“By giving community banks and FinTechs the tools to compete and giving them access to high-quality talent resources, the merger of Incrue and Core10 makes it easier for banks to deliver the customer experience they want. their customers expect, ”said Jim McKelvey, co-founder of Square and investor in Core10 and Accrue.

Based in St. Louis, Missouri, Accrue is a digital lending and banking software as a service (SaaS) provider. Its pre-built integrations complement core banking platforms and FinTechs, including Plaid, Stripe, and Alloy.

Founded in 2016 in Franklin, Tennessee, Core10 provides API integration and SaaS implementation services to the FinTech and financial services industries.

Read more: Banking as a service provides B2B solutions

Jeff Hanson, CEO of Core10, said the combined companies will bring integration as a service powered by digital banking tools combined with the right talent and expertise for building embedded APIs and bespoke software.

“Good banking products require customization and integration, and the marriage of these two companies creates a one-stop shop for community banks and FinTechs who want to innovate but may not have the expertise or the budget to do so. by themselves, ”Hanson mentioned.



On: Forty-seven percent of U.S. consumers avoid digital-only banks due to data security concerns, despite considerable interest in these services. In Digital Banking: The Brewing Battle For Where We Will Bank, PYMNTS surveyed over 2,200 consumers to reveal how digital-only banks can boost privacy and security while providing convenient services to meet this unmet demand.

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