MIAMI--(BUSINESS WIRE)--MO Technologies, one of the world’s fastest-growing FinTech companies, today announced the immediate availability of its revolutionary new short-term merchant cash advance service, MO Instant Cash (https://moinstantcash.com/). MO Instant Cash is the simplest way for small businesses to access fast cash to grow their business or pay bills. Created to solve the biggest challenge facing small business owners, particularly new ones, MO Instant Cash does not ask for a social security number or perform traditional credit checks - the only requirement is a business bank account.
“I come from a family of entrepreneurs and know first-hand the unique struggles of starting a small business from nothing,” said Paolo Fidanza, co-founder and CEO of MO Technologies. “MO Instant Cash was created to fill a missing piece in the small business landscape: access to affordable short-term cash for immediate business needs. We want MO Technologies’ customers to be successful so our technology only approves an amount the business can pay back.”
MO's proprietary artificial intelligence-based credit scoring and risk engine analyzes the banking activity of a business to calculate a cash advance line, along with data points including, but not limited to sales growth, seasonal and geo-location factors. Merchants can be approved for as little as $100 up to $50,000 instantly and have money in the bank the same day or the next business day.