MC2 Finance, a provider of commercial transportation financing solutions, recently announced a new partnership with FlexPath DXP, a company associated with digital identity verification and credit prequalification technologies.

Through this partnership, MC2 Finance will utilize FlexPath’s VeriQual solution to streamline credit prequalification and identity verification processes, enhancing security and efficiency for both MC2 Finance and its network of dealer partners.

The companies acknowledged lenders and dealers are losing millions due to identity fraud. VeriQual’s advanced fintech capabilities can provide instant, secure credit prequalification by integrating sophisticated identity verification with just a phone number.

This feature not only simplifies the customer journey but gives MC2 Finance and its dealers real-time access to verified leads, drastically reducing the risk of identity fraud and significantly enhancing credit prequalification.

“Partnering with FlexPath allows us to continue innovating in a highly competitive commercial transportation market,” MC2 Finance president Katie Baker said in a news release. “VeriQual provides the security and efficiency our lenders and dealers need to serve their customers better, increasing both conversion rates and customer satisfaction by verifying leads right at the start of the process.”

FlexPath CEO Tarry Shebesta added that the VeriQual solution aligns perfectly with MC2 Finance’s commitment to streamlined, secure financing.

By combining these technologies, Shebesta said the partnership allows for a more reliable and rapid customer credit prequalification process, reducing the workload on dealer staff and enabling lenders to make faster decisions.

“We’re thrilled to partner with MC2 Finance,” Shebesta said. “With VeriQual, MC2 Finance’s network of dealers can benefit from identity-verified leads and a smoother prequalification process, which not only reduces risk but fosters higher-quality interactions and faster approvals.”