Transend and Midland States Bank Partner to Revolutionize Commercial Financing

Transend, a leading B2B private-label working capital solution provider, has recently entered into a strategic partnership with Midland States Bank, a subsidiary of Midland States Bancorp, Inc. This collaboration aims to revolutionize traditional financing methods by offering dynamic payment solutions. Through this innovative approach, suppliers will be able to provide instant access to working capital at the point of commerce to their commercial customers. Both Transend and Midland are set to drive loyalty, increase sales, and accelerate accounts receivables with their partner-centric vision.

Matt Lekawa, the Founder and CEO of Transend, expressed enthusiasm about the partnership with Midland States Bank, a community bank known for its forward-thinking approach. The collaboration is expected to set a new standard in the commercial sector by responsibly leveraging FinTech capabilities to facilitate more businesses in accessing financing. On the other hand, Jeff Ludwig, CEO of Midland States Bank, highlighted the shared values of regulatory compliance and partnership spirit between the two companies. This alignment underscores the potential of the alliance in helping businesses achieve their financial goals.

Transend Financial, established in 2023, specializes in redefining how suppliers interact with their commercial clients through its innovative B2B private-label working capital solution. The platform enables suppliers to offer promotional terms seamlessly during transactions, ultimately fostering loyalty, boosting sales, and accelerating accounts receivables. The collaboration with Midland States Bank proves to be a significant milestone for Transend as they continue to expand their presence and provide efficient financing solutions to businesses nationwide.