BHG Financial has joined the American Fintech Council (AFC), an association representing fintech companies and innovative banks. BHG, established in 2001, provides tailored financial solutions to professionals, consumers, and institutions across the United States. The company aims to streamline lending processes by analyzing customers' financial histories and developing flexible solutions more rapidly than traditional lenders.
Phil Goldfeder, CEO of AFC, stated, "BHG Financial is a national leader in customer-centric consumer and institutional lending, and is constantly raising the bar for tailored financial services creating important access to credit." He added that both AFC and BHG are committed to strong industry standards that ensure safe consumer options without hindering innovation.
Initially focused on the medical industry, BHG has expanded its services to high-earning professionals in various sectors. It also offers funding through its Institutional Network program for financial institutions and a Venture Capital program for fintech entrepreneurs. In 2021, BHG enhanced its lending process with a proprietary automated Loan Origination Solution (LOS). Since its inception, BHG has originated over $20 billion in loans.
Albert Crawford, CEO of BHG Financial, commented on their commitment: "At BHG, we are dedicated to providing our customers with unparalleled lending options while uplifting the responsible fintech and banking ecosystem."
The AFC promotes a transparent and inclusive financial system by supporting responsible innovation in financial services. Its members work towards fostering competition in consumer finance and developing products for underserved segments.
BHG Financial provides customizable financing with a simplified process and personalized service. The company supplies high-quality assets to over 1,650 national banks within its Institutional Network. Partially owned by Pinnacle Bank (PNFP), BHG has headquarters in Fort Lauderdale, Florida, and Syracuse, New York.