Hansa Launches Enterprise Solution for Commercial Loan Payment Reporting

FOR IMMEDIATE RELEASE

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Hansa, a fintech company specializing in commercial credit reporting, today announced the launch of its enterprise-facing product designed to streamline the reporting of commercial loan payment data to credit bureaus on behalf of lenders

The newly launched product, which went live in January, offers a comprehensive solution for lenders to report commercial payment data efficiently and securely. Hansa's system currently reports to Equifax, and will include Experian later in Q1 of 2025.

The product consists of two key components:

1. Data Reporting System: Hansa's platform simplifes reporting by ingesting regular CSV files or API requests, then transforming and transmitting that data to the credit bureaus. Hansa will also notify borrowers when payments are reported and if any payments are late.
2. Borrower Dashboard: This feature allows borrowers to view their payment history and monitor their business credit scores, providing transparency on how their payments impact their credit.

Henry Magun, CEO of Hansa, commented on the launch: "Our new enterprise solution represents a significant step forward in commercial credit reporting. By simplifying the reporting process for lenders and providing notifications for borrowers, we're fostering a more transparent and efficient credit ecosystem for businesses."

The new product offers several benefits to lenders and borrowers:

• Reduction in loan delinquency rates by encouraging transparency and on-time loan payments
• Helping commercial borrowers build a business credit history
• Simplified data management, with Hansa handling data structure, security, and compliance
• Creation of positive borrower touchpoints through monthly reporting notifications
• Proactive notifications to borrowers who fall behind, encouraging timely payments

Hansa has already demonstrated the product's efficacy by successfully transmitting loan data for over $50 million worth of loans.

About Hansa:

Hansa is a leading fintech company that helps commercial lenders report their borrowers' loan payment data to credit bureaus. By simplifying the process of reporting commercial payment data, Hansa enables lenders to save time and incentivize on-time payments. The company also provides borrowers with tools to monitor their business credit scores and reports, fostering transparency in the commercial lending ecosystem

Contact:

For more information, please visit withhansa.com or contact media@withhansa.com.