SMB Credit Platform Tillful Partners With Experian to Profile New Businesses

Executive Summary

Tillful, a small business credit platform, will partner with Experian on making credit profiles for businesses that are new to credit or credit-invisible. The making of new businesses is going strong, as there were more than 5.4 million new business applications filed in 2021, according to the U.S. Census Bureau. This partnership will let cash-flow data be used to set up an Experian business credit file for businesses new to credit. This helps because, without an existing business credit report, financial institutions are unable to authenticate a business — and owners don’t have an easy time getting good credit options.
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