Even Financial collabs with Figure to expand personal loan portfolio

Even Financial collabs with Figure to expand personal loan portfolio

Even Financial, a U.S.-based leading search, comparison, and recommendation solution for financial service, has reportedly inked a partnership with Figure to introduce the firm’s loan product line on its platform.

Using machine learning and advanced data science technology, Even solves considerable challenges in financial services acquisition by seamlessly integrating financial institutions and channel partners through its API and embeddable technology.  

On the other hand, Figure is a fintech entity that uses AI, blockchain, and analytics to offer unique consumer financial services with ease and speed. Figure has considerably reduced the time it takes for consumers to secure loans and has also reduced the cost linked with loan origination, financing, servicing, as well as capital market execution.

Notably, Figure was established in the year 2018 with an aim to unlock different access points for consumer credit products that can help change lives of customers financially. Along with personal loans, the company is also known for offering mortgage refinancing as well as home equity solutions like home improvement loans and home buy-lease back offerings for retirement.

According to Shwetabh Gautam, Even’s Director of Financial Institution Partnership, the company is witnessing a robust increase in the demand for lending products. The latest partnership with Figure will help strengthen the company’s ability to connect consumers with the most suitable loan, Mr. Gautam added.

In addition to above, the introduction of Figure on the Even platform will allow clients to gain personal loans of up to USD 50,000. Moreover, Figure provides a completely online application process allowing applicants to apply and monitor their rate as well as access funds within few days.

It is worth mentioning that, Even extends the largest network of API-connected loan providers and premiums. Companies and established publishers like TransUnion and MoneyLion have partnered with the company to support advancement in financial product offer for loans and other services like credit cards, insurance, and savings.  

Source Credit: https://www.prnewswire.com/news-releases/even-financial-partners-with-figure-to-add-blockchain-enabled-personal-loan-products-to-its-financial-services-marketplace-301304393.html