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. Hosted by former Congressman Patrick Murphy and veteran investor Dan Kunze, Yahoo Finance’s Warrior Money is a weekly vodcast dedicated to uplifting military veterans transitioning into civilian life. Through insights from fellow veterans and high-ranking government officials, Murphy and Kunze are helping set vets up for success through financial education and inspiration.
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