CIT Group announced that its Small Business Solutions group has been selected as winner of the “Business Lending Innovation Award” for its point-of-sale lending platform in the fifth annual FinTech Breakthrough Awards program. The recognition was awarded by FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global FinTech market.

Introduced as one of the market’s first B2B digital lending solutions, CIT’s point-of-sale platform simplifies and accelerates financing for business purchases of $2,500 or more, providing convenience and speed for qualified business customers.

“We are proud to receive our second FinTech Breakthrough recognition for our point-of-sale lending platform, which highlights our commitment to deliver technology-driven solutions to meet the unique needs of business owners,” said Ken Martin, managing director of CIT’s Small Business Solutions group. “This real-time, end-to-end financing solution is available 24/7 on any device, and we believe it transforms the business buying experience.”

Since receiving a FinTech Breakthrough Award for “Best Small Business Lending Solution” in 2018, CIT’s point-of-sale platform has been upgraded with enhanced digital features that make the B2B digital lending and payment process easier than ever.