February 21, 2025 - 16:58
In a recent episode of Warrior Money, hosts Patrick Murphy and Dan Kunze welcomed back Alex McLeod, CEO, and Jay Long, COO of Parlay, to discuss their unique approach to small business lending. McLeod emphasized the importance for entrepreneurs to validate their business models before pursuing debt or venture capital. He advised, “Prove yourself wrong quickly,” highlighting the necessity of disciplined iteration to identify and mitigate hidden risks.
Long reinforced the idea that de-risking strategies and challenging core assumptions are vital for building a sustainable business. The discussion also delved into the evolution of Parlay, which began as a loan intelligence system and has transformed by collaborating with over 200 banks and credit unions. Now, the platform utilizes AI-driven data analytics to streamline loan assessments and assist small businesses in securing funding.
Additionally, Parlay has partnered with Mastercard to enhance its data capabilities and expand its influence among financial institutions. The founders also shared insights on company culture and the importance of discipline, empowerment, and a mission-driven environment, drawing from their military backgrounds. They believe that democratizing access to capital requires comprehensive data that connects traditional lenders with underserved business communities.
