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Salus Fintech provides credit unions with a digital platform for automated microlending and underwriting.
Founded in 2020 by James Chemplavil and Ryan Barrett, North Carolina-based Salus Fintech develops a digital underwriting platform for credit union microlending. Its tools include core processor integration, real-time underwriting, customized microloan programs, and loan approval without credit checks. In October 2023, the company raised an undisclosed amount of seed funding from Alumni Ventures Group.
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