It happened one day.
Jannae Gammage was working with the Small Business Administration as a technology consultant, helping companies get access to capital through traditional lenders, like banks and credit unions. She couldn’t stop thinking, however, that there was a problem: The ways in which lenders and businesses connected were woefully outdated, especially on the technological front.
“I was inside the mess, watching good businesses die, while trying to navigate legacy workflows,” she told TechCrunch. “My literal job was to find technology to solve this, and it didn’t exist. I couldn’t find anything.”
So she called up an old friend, Alaia Martin, and the two got to work. In 2022, the duo started working on Cyphr, a Kansas City-based company focused on making the lending proce
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