Payments

Rapid Finance inks acquisition of Thrive

October 10, 2022

Rapid Finance, a provider of financing solutions for small businesses, has acquired Thrive, a digital lending platform provider. Through the acquisition, Thrive will offer join Rapid Finance's Technology business unit, according to a press release.

"Since its inception, Thrive was purpose built to address the need for more efficient lending through intelligent automation of application, origination, underwriting, decisioning and servicing," Kunal Sehgal, co-founder and CEO of Thrive, said in the release. "By becoming part of an established industry leader like Rapid Finance, we are well positioned to build on that foundation and accelerate our growth."