Cash Advance Management
In this guide, you'll learn how to make data-driven decisions when advancing cash to a business.
Use Case Overview
As a Fintech or Neobank business, you recognize that deciding who to advance credit is never an easy decision. Having access to real-time data can help take the hassle out of the process. Leveraging integrations by Alloy can provide you with a competitive edge by significantly reducing the turnaround time for extending same-day credit to a business.
Accessing Real-time Balance
You can access a Business' real-time balance in Stripe using Alloy's Stripe connector.
To start, create a workflow using the On Installation Trigger.
The On Installation Trigger tells Alloy to only run this workflow when an end user connects to your app. If you need to run the workflow multiple times, use a Custom Event or a Scheduled Trigger to run at specific intervals.
Next, select the connector you are building a workflow for. For this example, we're using an integration with Stripe. Select the returns stripe account balance action.
Finally, search for and select the stream data block. This block accepts a Webhook URL for your server. Alloy sends the stripe balance data obtained when a merchant connects to your app to this Webhook URL.
Your workflow should look like the above.
Transactions
To help enrich your data for better decision-making, you can also analyze a business' transaction data. A simple workflow for seeing a business' transactions in Stripe can look like this:
Wrapping Up
Alloy provides integrations with payment systems like Stripe, Square, and Recharge, enabling you to utilize merchant data from these platforms to make informed cash advance decisions.