Henry Magun: How to Turn Business Credit Reporting into a Growth Engine for SMB Lenders — The Business Credit and Financing Show

Henry Magun is the CEO and co-founder of Hansa, a company he launched in 2023 to help businesses grow through innovative technology solutions. Prior to founding Hansa, Henry was a venture capital investor at New Enterprise Associates (NEA), where he focused on early-stage enterprise technology companies and supported founders through investment and board involvement. He also served as the New York Chapter Lead for EVCA and gained experience in product management at Nebia and expansion at WeWork. Henry holds a Bachelor of Science in Mechanical Engineering from Stanford University, where he was selected as a Mayfield Fellow through the Stanford Technology Ventures Program. Outside of work, Henry enjoys cycling and building furniture in his woodshop, reflecting his passion for both precision and creativity in everything he does.

During the show we discuss:

Why having business credit doesn't automatically mean you're building business credit.
Why you should ask your lender if they report.
How to get your lender to start reporting.
Why business credit reporting is so fragmented.
Why business identity makes reporting difficult.
Why business credit bureaus make contributors go through credentialing.
How lenders can simplify business credit reporting.
How business owners can help change the industry.

Resources:
https://www.withhansa.com/