iBusiness Funding Launches First-Of-Its-Kind Agentic Lending AI Solution and Announces $100 Million Commitment Toward AI
iBusiness Funding (iBF), the technology and lending services division of Ready Capital Corporation (NYSE:RC), today announced the launch of Lendsey AI – the industry's first agentic AI platform specifically designed for SMB lending. The business banking technology innovator also announced a $100 million commitment toward the advancement and integration of AI across its platform.
"Today marks a major change for the way small businesses access capital," said Justin Levy, CEO of iBusiness Funding. "Lendsey AI is both borrower- and lender-facing, augmenting both sides of the lending process with instant feedback and actually executing work on behalf of the borrower and lender. This announcement marks the beginning of a bold new era in financial technology – one where speed, security and intelligence converge to better serve the businesses that drive the U.S. economy."
Lendsey is exclusively available as an add-on to iBusiness Funding's secure end-to-end platform, LenderAI – a groundbreaking Loan Origination System (LOS) that enables financial institutions to use AI on their own terms in a separate, secure environment. With its own loan processing division, iBF processes over $100 million in SBA and conventional loans each month. iBusiness Funding is uniquely positioned as the only AI company that leverages data and models from its own lending operations – opposed to using bank and client data – for the benefit of lender clients and borrowers. LenderAI's suite of proprietary built-in tools – including telephony, email, OCR, chat, document generation, and e-signing – empowers Lendsey to act agentically: not only analyzing and deciding but also taking independent action, including communication and execution, all in-house.
"We have supported Justin and iBusiness Funding for the past decade and have seen the impact of their technology firsthand," said Tom Capasse, CEO of Ready Capital. "Their exponential growth and evolution of product offerings without increasing costs are truly impressive, and we are excited to support them as they launch this next chapter in AI. With solutions that have been field-tested on over $11 billion in loans, iBusiness Funding is poised to be the clear leader in the lendtech AI space."
This commitment of funds will be internally financed through operating revenue, reflecting the company's strong performance and long-term confidence in AI-driven lending. With a decade of product innovation, domain expertise, and a trailblazing approach to agentic AI, the company is transforming the legacy lending process and powering the future of secure, intelligent, and autonomous lending.
To learn more about iBusiness Funding and Lendsey, visit ibusinessfunding.com/lendsey.
About iBusiness Funding, LLC
iBusiness Funding is a leading provider of lending solutions for banks and lenders of all sizes, specializing in SBA lending. The company is dedicated to streamlining the business lending process, enabling lenders to efficiently deliver capital to small and medium-sized businesses. iBusiness Funding has processed over $7 billion in SBA loans to date and handles over 1,200 business loan applications daily. iBusiness Funding is wholly owned by Ready Capital Corporation.
About Ready Capital Corporation
Ready Capital Corporation (NYSE:RC) is a multi-strategy real estate finance company that originates, acquires, finances, and services lower-to-middle-market investor and owner-occupied commercial real estate loans. The company specializes in loans backed by commercial real estate, including agency multifamily, investor, construction, and bridge loans, as well as U.S. Small Business Administration loans under its Section 7(a) program. Headquartered in New York City, the company employs approximately 350 professionals nationwide.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250407922913/en/
Media
Derrius Rodgers
Caliber Corporate Advisers for iBusiness Funding
[email protected]