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Unsecured mortgage supplier Completely satisfied Cash introduced a strategic partnership with Technique Monetary.
Completely satisfied Cash will use Technique’s monetary legal responsibility connectivity APIs to assist credit score union members higher handle bank card debt.
Headquartered in Austin, Texas, Technique made its Finovate debut earlier this 12 months at FinovateSpring in San Francisco.
Completely satisfied Cash, an unsecured mortgage supplier that works with credit score unions, has solid a strategic partnership with Technique Monetary. The corporate will leverage Technique’s know-how – a collection of legal responsibility connectivity APIs – to assist Completely satisfied Cash members consolidate and repay high-interest bank card debt.
“Completely satisfied Cash helps shoppers throughout the nation entry the capital they should attain their targets in partnership with credit score unions and different community-focused lenders,” Technique CEO and Co-Founder Jose Bethancourt mentioned. “With the combination of our know-how, they’re guaranteeing the method is as seamless, fast, and environment friendly as doable, creating worth for all concerned.”
Completely satisfied Cash provides shoppers private loans with a low rate of interest and a single, mounted fee to assist them repay high-interest bank card debt. Built-in into the Completely satisfied Cash platform, Technique’s legal responsibility connectivity APIs will facilitate extra correct identification of members’ excellent bank cards, in addition to real-time reside stability retrievals and stability transfers. All this takes place with out members having to enter account numbers or passwords.
Because the partnership started, Completely satisfied Cash stories that its members have linked greater than 50,000 accounts by way of Technique’s APIs. Furthermore, tens of millions of {dollars} in shopper debt have been consolidated month-to-month via Technique’s connectivity and fee rails. Collectively, Completely satisfied Cash and Technique have facilitated greater than $7 million in stability transfers for Completely satisfied Cash members.
“At Completely satisfied Cash, we consider that prioritizing debtors’ well-being is a profitable technique,” Completely satisfied Cash Head of Product and Design Nick Pesce mentioned. “Our platform permits shoppers to fulfill their monetary targets and permits credit score unions to diversify their portfolios and develop.”
Based in 2009, Completely satisfied Cash is headquartered in Torrance, California. Since inception, the corporate has served greater than 300,000 members and funded greater than $6 billion in loans via partnerships with community-focused lenders. Completely satisfied Cash has raised greater than $337 million in capital, in keeping with Crunchbase. Anthemis and TruStage Ventures are among the many agency’s buyers.
Technique made its Finovate debut earlier this 12 months at FinovateSpring, the place the corporate demoed its connectivity, knowledge, and funds APIs. Technique’s know-how permits lenders, fintechs, and monetary establishments to leverage complete, real-time credit score knowledge, evergreen connections, and built-in fee rails to supply prospects personalised lending and monetary administration experiences.
By way of a single integration, Technique permits entry to liabilities held at greater than 15,000 monetary establishments within the U.S., representing 95% of all excellent shopper debt. The corporate has helped 200,000+ customers join greater than $22 billion in shopper debt to their most well-liked monetary establishment.
Headquartered in Austin, Texas, Technique was based in 2021. The corporate’s buyers embrace Andreessen Horowitz, Truist Ventures, and Leonis Capital.
Picture by Jeswin Thomas
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