DataMerch Reaches 100,000 Record Milestone
Tampa, January 24, 2023 /DeBanked/ — DataMerch.com, an online underwriting database for the alternative financing industry, announced reaching over 100,000 records in their database on Tuesday.
DataMerch was founded in 2015 with a goal to create a community database where funders can share performance information on merchant businesses. They started with zero records in 2015 and eventually built the largest and most widely used database of its kind in the alternative financing industry.
“We have never aggregated a single record from another source other than our funder-members,” said Co-Founder Cody Burgess. “Every single record in DataMerch has been entered individually by our members either manually, or via API. It’s amazing to see us start from nothing and grow our platform organically over time.”
Co-Founder Scott Williams said, “Our focus on building a database with high quality unique records has really paid off for our membership. We considered going down other paths by gathering data from other sources, but we ended up sticking to our original model. Outside sources of data can muddy the waters. What makes DataMerch successful is the fact that our information on defaults, slow pays, suspicious activity, and more, is not found anywhere else or on any other report.”
DataMerch leadership say they have made some recent major improvements including a search by legal name function, something membership has been asking for. DataMerch has also upgraded to a new and better version of their API. Further improvements are in the works for 2023.
DataMerch LLC was founded in 2015 to help funders in the alternative financing industry make informed underwriting decisions. DataMerch members can screen their applications using DataMerch’s specifically designed EIN and legal name search. Members can also contribute to the database by entering unsatisfactory businesses. DataMerch currently has over 180 industry-leading subscribed members working together as a community. DataMerch can be accessed at https://www.datamerch.com and contacted for membership at email@example.comLast modified: January 24, 2023
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