The purchase of Alchemy Technologies, a global FinTech software as a service (SaaS) company, by Business Warrior Corp., the source for small businesses in America to attract more consumers, was recently announced. Business Warrior's core marketing and lending software will be strengthened because of the acquisition, and the company's brand and services will be expanded to suit global demand.
For other FinTech firms, retailers, and banks, Alchemy specializes in developing end-to-end cloud native lending experiences. The company's primary solution is installed in a variety of industries, including:
-
Personal loans
-
Point of Sale Financing
-
Health and Beauty Financing
-
Construction Loans
-
Solar and Home Improvement Financing
-
Small Business Lending
-
Skillset Financing
-
Crowdfunding Platforms
Business Warrior identified Alchemy as an appealing acquisition prospect earlier this year when working with the company to establish its Business Warrior Funding loan platform, citing its operational and financial performance.
Alchemy is a multinational corporation with customers in the United States, Mexico, the United Arab Emirates, Australia, the United Kingdom, and Puerto Rico. Alchemy brought around $2.8 million in income in 2021. The company is on track to boost revenue, with full-year 2022 revenues expected to increase by 77% over 2021.
“After working with Alchemy, we quickly realized the massive potential of adding this international group of industry leaders to the Business Warrior team, With our Business Warrior platform, premium marketing, and now a global lending technology presence, we are building solutions that propel the success of small businesses.”
-Business Warrior President Jonathan Brooks.
Alchemy will continue to operate under its current brand name as a subsidiary of Business Warrior and will continue to support its clients and internal personnel. Alchemy will be handled independently by Business Warrior, with over 30 full-time staff and over 100 full-time contracted developers. This acquisition brings the total number of Business Warrior employees to 157, all of whom are dedicated to a single goal: to help small businesses achieve success and long-term growth through marketing technologies and unique funding alternatives.