On this week’s episode of Warrior Money, returning guests Alex McLeod, CEO, and Jay Long, COO of Parlay, rejoined hosts Patrick Murphy and Dan Kunze to discuss their innovative approach to small business lending.

McLeod advised entrepreneurs to validate their business models before taking on debt or raising venture capital. “Prove yourself wrong quickly,” he said, emphasizing the need for disciplined iteration to uncover hidden risks. Long added that de-risking strategies and challenging core assumptions are essential to building a sustainable venture.

The evolution of Parlay was a key focus. Originally conceived as a loan intelligence system, Parlay refined its platform by engaging with over 200 banks and credit unions. Today, the platform leverages AI-driven data analytics to streamline loan assessments and guide small businesses toward securing funding. Enhancing its solution, Parlay has also partnered with Mastercard to boost data capabilities and extend its reach among financial institutions.

The conversation further explored company culture and human capital. Drawing on their military backgrounds, both founders stressed that discipline, empowerment, and a mission-driven environment are critical for startup success. They believe that democratizing access to capital hinges on comprehensive data that bridges the gap between traditional lenders and underserved business communities.

Yahoo Finance's Warrior Money, hosted by former Congressman Patrick Murphy and veteran investor Dan Kunze, is dedicated to uplifting the financial well-being of military veterans transitioning into civilian life. Each week, an array of guests—from everyday vets to high-ranking government officials—offer insight on successfully making the leap from service to business.

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