XEN, a leading loan origination and management platform for factors and commercial lenders, announced that PRN Funding has launched on the XEN platform to power PRN’s sales and underwriting.

PRN Funding now conducts all origination, diligence, and new client onboarding on XEN, streamlining how it manages prospects from application intake to final approval. XEN’s comprehensive solution–including background checks, personal and debtor credit analysis, document management, contracting, and more–enables PRN to increase and accelerate deal flow, streamline due diligence processes, and deliver a superior borrower experience.

"XEN has enhanced our sales and underwriting significantly," said Phil Cohen, President of PRN Funding. "The efficiency and capabilities we've gained through the XEN platform have transformed how we onboard clients. What used to take multiple, disconnected systems and manual processes now happens seamlessly in one platform."

The partnership comes as PRN Funding celebrates its 25th anniversary in the factoring industry, marking a quarter-century of providing working capital solutions to businesses nationwide.

"We're thrilled to partner with a leading factor like PRN Funding, especially as they celebrate this major milestone," said Alexander Kayfetz-Gaum, VP of Operations at XEN. "PRN’s 25 years of industry leadership combined with the XEN platform creates a powerful partnership, and we're proud to support PRN's continued growth and success for the next 25 years.”