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MIT Brings Together Fintech, Financial Services For First-Ever Hackathon
BANKER AND TRADESMAN
MIT Brings Together Fintech, Financial Services For First-Ever Hackathon
In perhaps another sign that the conversation around fintech is shifting, MIT recently brought fintech together with traditional financial services companies in its first-ever fintech hackathon. The best overall winner, a team from Cornell University, created a product called Switch, which taps the freelance economy to sell insurance products. EVEN Financial sponsored that challenge and offered up its own application program interface (API) for contestants to use. Organizers described the end product as a micro-loan and insurance broker, with freelancer on one end, underwriter on the other, and up to 40 percent commission facilitated by EVEN Financial. As the FinTech Practice Leader at MIT’s Martin Trust Center for Entrepreneurship, Priscilla Cherie Koepke is charged with building an ecosystem of leaders, mentors, companies that are interested in fintech and student groups. This competition built upon that. “What’s unique about the MIT culture is they like hackathons and they like to hack anything and everything. It’s just a way to facilitate innovation, find new ideas and ways to challenge problems,” she said. “Within the fintech space, MIT had not yet organized a hackathon. This was a great opportunity to take those activities to the next level.”   MIT recruited TD Bank, CITI Ventures and Prudential as financial sponsors and EVEN Financial, Wipro, Flybits, Associated Press, Morningstar and Safegraph as data sponsors. TD Bank, CITI and EVEN sponsored different hack categories, posing specific challenges. For instance, how should TD communicate with its customers via mobile? Or how could CITI make a connection between its customers’ physical and financial well-being? Over 36 hours, 26 student teams worked on the challenges of their choosing. A team from MIT won the challenge posed by CITI, creating an app called CITICoach that integrates personal health data and lets users earn points for outdoor activities and nutritious food. Another team from MIT created the TD Intelligent Assistance to support call center and in-person interactions in real time. Where fintech companies were once viewed as competitors or disruptors of traditional financial services, the conversation has shifted in recent years. Financial institutions increasingly view fintech companies as potential partners, and Koepke hopes to tap into that dynamic as she organizes the next fintech hackathon, next year. She said she’s already been approached by other financial institutions who are interested in the challenge. “One of the areas about fintech that a lot of financial services companies are really embracing is the idea that some of the next great innovations are going to come from outside their institution and that’s really what the hackathon does,” she said. “We’re really excited this is an avenue where we can integrate the MIT culture together with those older institutions to chart a new path forward.” Click here to read the original story on Banker & Tradesman.
New Data on Online Lending Industry in 2016 (Even Financial), Rated: A
LENDING TIMES
New Data on Online Lending Industry in 2016 (Even Financial), Rated: A
The following data includes borrower behavior on choosing a loan, average loan size by credit score, conversion rates, average time to fund, top platforms and loan performance. Some key data points include: Over ⅓ of borrowers choose the originator with the fastest funding times, not the originator with the lowest APR The top 4 originators with the fastest funding times also have the highest take rates (percentage of borrowers who ultimately accept the loan offer once the borrower is approved), which is between 20-30% Average time to fund a loan is 4.55 days The average loan size is: Excellent Credit – $15,684 Good – $10,928 Fair – $9,765 Borrowers sourced via “inorganic channels” (display ads, performance marketers, etc.) have a 30% higher default rate within the first 3 months Click here to view this story on LendingTimes.
Even Financial’s Phillip Rosen on Online Lending
CHEDDAR
Even Financial’s Phillip Rosen on Online Lending
Even Financial CEO Phillip Rosen appeared on the December 29, 2016 edition of Closing Bell on Cheddar TV. His interview can be seen here.
Online Lending – 2016 Insights At A Glance
EVEN
Online Lending – 2016 Insights At A Glance
We have released our “Online Lending – 2016 Insights at a Glance” report. It is based on our industry leading API with over 1.8B in loan requests, 100+ affiliate partners integrated, 12+ top online loan providers, and over 360,000 activated users. Click here to download the PDF version.
Click here to download the XLS version.
This NYC Startup is Exactly What You Want Before Taking Out a Loan
ALLEYWATCH
This NYC Startup is Exactly What You Want Before Taking Out a Loan
If you need a loan, you are not alone. Favorable loans have been difficult to come by and people don’t know where to go to get the best possible rate. This is where Even Financial comes in. The Fintech company dedicated to the supply side of financial services has built the infrastructure for loan discovery that can be integrated in a number of different applications including apps, publishing platforms, and portals. AlleyWatch spoke with the Even Financial team and discovered how they are innovating the Fintech industry. Tell us about the product or service. Even Financial is the first and only dedicated supply-side platform for online financial services. Even’s recommendation API matches customers with the right financial products and services at the right time, while providing transparency and reduced cost of acquisition to online financial service providers. Through this, Even Financial enables a new generation of real-time online financial products and services for both business and consumers. How is it different? This is the first API to enable app developers and websites with direct access to often hard to reach financial services. Through a single endpoint they can integrate with over a dozen financial service providers and products. These aren’t display-ads, most often they are direct integrations into the financial service providers themselves. What is the business model? Developers and websites don’t pay us anything, in fact we pay them. Financial service providers pay us for access to customers and to ensure compliance across our network. We split these revenues with the app developers and websites. What inspired the business? Finance is slowly and progressively moving online. Services that use to be offered together within a branch model are being broken off and offered directly to consumers by specialized companies online. This is great for the consumer, but its led to a complex web of hard to navigate relationships and regulations for websites, app developers and financial service providers. Even acts as an intermediary to simplify the ecosystem for all parties. What are the milestones that you plan to achieve within six months? We plan continued rapid growth in volumes across loan products. Meanwhile we are progressively adding additional financial services to our API. Recently we added credit cards, and we plan to scale that out much further. In the near future we are looking to including savings accounts and eventually mortgages and insurance. What is the one piece of startup advice that you never got? Everyone talks about the importance of focus, but no one really ever advised on how one can cut through a world of choices to identify the true critical path. Over the past 6 months we have learned to reduce most decisions to a simple criteria based on one or two purely data driven KPIs. It took a great deal of work to make the data available, but since doing that it has brought an unprecedented level of clarity to the whole team. If you could be put in touch with anyone in the New York community who would it be and why? Does Ben Bernanke live in NYC? I’ve got some questions… Why did you launch in New York? I’m from NYC. I’ve been working at NYC startups since I was 18 and in/out of college. That, plus the fact that we are a financial services company makes it pretty much the only option in the US for me. What’s your favorite restaurant in the city? I really enjoy good sushi. Yasuda is my historical favorite, but recently I’ve really been enjoying Sushi On Jones. To view the original version on AlleyWatch, visit: https://www.alleywatch.com/2016/12/nyc-startup-even-financial-exactly-want-taking-loan/
Even Financial Surpasses 1.5 Billion Dollars in Loan Requests
BANK NEWS
Even Financial Surpasses 1.5 Billion Dollars in Loan Requests
December 16 – Even Financial, a dedicated supply-side platform for online finance products and services, has increased loan originations by 205 percent quarter over quarter since the beginning of 2016. With more than $1.5 billion in loan requests, the platform has grown to serve over one million customers with its proprietary API and a broad network of consumer portal partners, backed by leading analytics and funnel optimization designed specifically for online finance. Working with the most comprehensive set of online finance partners, including Prosper, Ascend and Upstart, Even Financial has seamlessly integrated the top online finance intuitions into an industry leading real-time API for search, comparison and recommendation. To date, using traditional finance portals and tools, customers searching for online finance products and services have received static and canned results. The Even Financial API unifies and enhances an increasingly fractured online finance ecosystem to amplify monetization, reduce the cost of customer acquisition, and holistically improve the user experience for online lenders, publishers and borrowers. “Like other major industries, finance products and services have moved online and fractured. The online finance space needed a trusted intermediary platform to facilitate access and provide transparency, compliance, efficiency and scale,” said Phill Rosen, CEO of Even Financial. “At Even Financial, we are committed to providing the best in-depth, integrated tools that address the growing supply-side needs of this online landscape. Our success in providing meaningful solutions for our partners across the ecosystem, including both financial services institutions and publishers, has fueled our rapid growth over the last 12 months.” For financial institutions, Even Financial enables rapid scaling of partner and affiliate programs with ease. The Even Financial API matches qualified borrowers with optimized real-time results of the finance products and services that best serve their needs, increasing customer conversion rates for online lenders by three times. Additionally, Even Financial ensures the compliance, security and data that lenders need at scale. “We’ve significantly reduced customer acquisition costs relative to other partners during our rollout with Even Financial,” said Steve Carlson, CEO of Ascend. “By giving access to vetted customers, Even Financial serves as a perfect complement to lending platforms,” said Ron Suber, president of Prosper. The Even Financial platform now serves over 100 affiliate partners to provide a single endpoint to integrate a holistic suite of financial products and services. Publishers who utilize the platform are able to increase revenue per site visit, via the best user experience for loan search which includes comparison and automated personalized product recommendations, and easy integration for streamlined security, compliance and technical implementation. Even Financial works closely with complimentary special partners, such as Orchard, the leading demand-side technology and data provider for marketplace lending, to pioneer the infrastructure of the online lending community as part of the evolving Online Lending Ecosystem. For more information on Even Financial and its offerings, please visit: https://evenfinancial.com. About Even Financial Even Financial is the first and only dedicated supply-side platform for online finance products and services. Via its proprietary API, Even Financial creates real-time matches between qualified customers and the right finance products and services at the right time, while providing transparency and reduced cost of acquisition to online finance products and services providers. Working with leading online finance institutions, as well as an affiliate network of over 100 sites, Even Financial provides a holistically integrated, cutting-edge, user-friendly platform with leading back-end analytics. The Even Financial platform enables a new generation of real-time online financial products and services for both business and consumers. To learn more about Even Financial, please visit: https://evenfinancial.com. Click here to view this story on BankNews.
Even Financial surpasses $1.5B mark
BANKLESS TIMES
Even Financial surpasses $1.5B mark
By Tony Zerucha of Bankless Times The latest numbers released by Even Financial point to a successful 2016 for the online finance platform. Thanks to 205 percent quarter-over-quarter loan origination growth, the company has surpassed the $1.5 billion in loan requests. They also surpassed the one million customer mark. Even Financial works with online finance partners such as Prosper, Ascend and Upstart by integrating them into an API which allows for loan search, comparison and recommendation. The API matches qualified borrowers with optimized real-time results. Even Financial also meets the scaled  security, compliance and data needs of more than 100 affiliate partners. To view the original version on Bankless Times, go here: https://www.banklesstimes.com/2016/12/14/even-financial-surpasses-1-5b-mark/
Even Financial Milestone: Surpasses $1.5 Billion in Loan Requests & Increases Online Loan Originations by 205%
CROWDFUND INSIDER
Even Financial Milestone: Surpasses $1.5 Billion in Loan Requests & Increases Online Loan Originations by 205%
By Samantha Hurst of Crowdfund Insider On Tuesday, fintech firm Even Financial announced it increased loan originations by 205% quarter over quarter since the beginning of 2016. The company reported that, with more than $1.5 billion in loan requests, its platform has grown to serve over one million customers with its proprietary API and a broad network of consumer portal partners, backed by leading analytics and funnel optimization designed specifically for online finance. Even Financial was founded in 2014 and seeks to become an important supply channel for online lenders in search of borrowers. Investors in Even Financial include Canaan Partners and Lerer Hippeau Ventures. The company has a set of online finance partners, such as Prosper, Ascend, and Upstart, and has notably integrated the top online finance intuitions into an industry leading real-time API for search, comparison, and recommendation. Even Financial stated that its API unifies and enhances an increasingly fractured online finance ecosystem to amplify monetization, reduce the cost of customer acquisition, and holistically improve the user experience for online lenders, publishers, and borrowers.
Phill Rosen, CEO of Even Financial, stated: “Like other major industries, finance products and services have moved online and fractured. The online finance space needed a trusted intermediary platform to facilitate access and provide transparency, compliance, efficiency, and scale. At Even Financial, we are committed to providing the best in-depth, integrated tools that address the growing supply-side needs of this online landscape. Our success in providing meaningful solutions for our partners across the ecosystem, including both financial services institutions and publishers, has fueled our rapid growth over the last 12 months.” Steve Carlson, CEO of Ascend, also commented: “We’ve significantly reduced customer acquisition costs relative to other partners during our rollout with Even Financial.”    Ron Suber, president of Prosper, added: “By giving access to vetted customers, Even Financial serves as a perfect complement to lending platforms.”   The Even Financial revealed that its platform now serves more than 100 affiliate partners to provide a single endpoint to integrate a holistic suite of financial products and services.  To view the original version on Crowdfund Insider, go here: https://www.crowdfundinsider.com/2016/12/93665-even-financial-milestone-surpasses-1-5-billion-loan-requests-increases-online-loan-originations-205/
EVEN
Even Financial Surpasses $1.5 Billion in Loan Requests, Increases Online Loan Originations by 205 Percent
Via proprietary API, more than one million users have applied for financing New York, NY – December 13, 2016 – Even Financial, the first and only dedicated supply-side platform for online finance products and services, has increased loan originations by 205 percent quarter over quarter since the beginning of 2016. With more than $1.5 billion in loan requests, the platform has grown to serve over one million customers with its proprietary API and a broad network of consumer portal partners, backed by leading analytics and funnel optimization designed specifically for online finance. Working with the most comprehensive set of online finance partners, including Prosper, Ascend and Upstart, Even Financial has seamlessly integrated the top online finance intuitions into an industry leading real-time API for search, comparison and recommendation. To date, using traditional finance portals and tools, customers searching for online finance products and services have received static and canned results. The Even Financial API unifies and enhances an increasingly fractured online finance ecosystem to amplify monetization, reduce the cost of customer acquisition, and holistically improve the user experience for online lenders, publishers and borrowers. “Like other major industries, finance products and services have moved online and fractured. The online finance space needed a trusted intermediary platform to facilitate access and provide transparency, compliance, efficiency and scale,” said Phill Rosen, CEO of Even Financial. “At Even Financial, we are committed to providing the best in-depth, integrated tools that address the growing supply-side needs of this online landscape. Our success in providing meaningful solutions for our partners across the ecosystem, including both financial services institutions and publishers, has fueled our rapid growth over the last 12 months.” For financial institutions, Even Financial enables rapid scaling of partner and affiliate programs with ease. The Even Financial API matches qualified borrowers with optimized real-time results of the finance products and services that best serve their needs, increasing customer conversion rates for online lenders by three times. Additionally, Even Financial ensures the security, compliance, and data that lenders need at scale. “We’ve significantly reduced customer acquisition costs relative to other partners during our rollout with Even Financial,” said Steve Carlson, CEO of Ascend. “By giving access to vetted customers, Even Financial serves as a perfect complement to lending platforms,” said Ron Suber, president of Prosper. The Even Financial platform now serves over 100 affiliate partners to provide a single endpoint to integrate a holistic suite of financial products and services. Publishers who utilize the platform are able to increase revenue per site visit, via the best user experience for loan search which includes comparison and automated personalized product recommendations, and easy integration for streamlined compliance, security and technical implementation. Even Financial works closely with complimentary special partners, such as Orchard, the leading demand-side technology and data provider for marketplace lending, to pioneer the infrastructure of the online lending community as part of the evolving Online Lending Ecosystem. For more information on Even Financial and its offerings, please visit: https://evenfinancial.com. ### About Even Financial
Even Financial is the first and only dedicated supply-side platform for online finance products and services. Via its proprietary API, Even Financial creates real-time matches between qualified customers and the right finance products and services at the right time, while providing transparency and reduced cost of acquisition to online finance products and services providers. Working with leading online finance institutions, as well as an affiliate network of over 100 sites, Even Financial provides a holistically integrated, cutting-edge, user-friendly platform with leading back-end analytics. The Even Financial platform enables a new generation of real-time online financial products and services for both business and consumers. To learn more about Even Financial, please visit: https://evenfinancial.com.
TECHCRUNCH
Birch Presents At TechCrunch Startup Battlefield
Birch presents their product at TechCrunch Startup Battlefield Click here to read more
EVEN
Even Financial Launches Programmatic Acquisition Tools for Online Lenders
SAN FRANCISCO, April 11, 2016 – ­Even Financial, the supply side platform for online lending, today announced Even Programmatic Acquisition – the first dedicated marketing tools that allow online lenders to identify borrowers who are in-market for a loan and initiate multi-channel campaigns with tailored messaging to these audiences. “As other pieces of the lending ecosystem have become more enabled and real-time, the process for customer identification and acquisition has the opportunity to become equally sophisticated,” said CEO Ian Rosen. “Through Even’s partner network, data tools and lender relationships, Even builds unique data about how to identify and engage with borrowers for each lender’s specific model. We now want to make those tools available to lenders directly.” Even Programmatic Acquisition allows lenders to leverage Even’s proprietary data and its network of publishers and affiliates to build a list of borrowers who match their lending criteria. Lenders can then create campaigns to reach these borrowers using trigger-based direct mail, Facebook advertising, and sponsored listings on Even’s network of publishers and affiliates. “These are powerful tools built to take advantage of our industry-specific data set; nowhere else can online lenders find marketing tools that enable them to reach exactly the right customers this quickly,” said Phillip Rosen, CTO and President. PROGRAMMATIC DIRECT MAIL Delivers intelligent custom mailers in under 48 hours and leverages the most effective acquisition channel using Even’s custom audiences. FACEBOOK RETARGETING Enhances traditional Facebook ad campaigns with additional fields specific to lending, and builds custom and lookalike audiences using Even’s proprietary data. SPONSORED LOAN OFFERS Features lenders on Even’s proprietary tools across its network of publisher and affiliate partner websites that are educating borrowers about online lending. Even Programmatic Acquisition is live and immediately available for use. To learn more, visit Even’s Partner site. About Even Financial Even Financial is the supply side platform for online lending, matching borrowers with top loan providers based on real-time industry and consumer insights. The Even team works to demystify online lending and help borrowers navigate the new financial landscape with user-friendly content and educational tools while giving lending platforms more advanced borrower acquisition and engagement tools. EVEN Financial was founded in 2014 and is based in New York, NY. Investors include Canaan Partners, Lerer Hippeau Ventures, and F-Prime Capital.
PR NEWSWIRE
Former Senior Bankrate Executive Joins Even Financial to Grow Partner Network
  NEW YORK, March 29, 2016 /PRNewswire/ — Raed Khawaja, formerly VP, Business Development for financial lead generation company Bankrate (RATE) joined financial technology startup Even Financial on March 28. With a nearly US$1bn market capitalization, Bankrate is one of the largest players in the fast growing financial services customer acquisition market. Mr. Khawaja has been largely responsible for building and growing Bankrate’s large B2B partner network, which drives users to Bankrate properties by delivering information and tools through partner publisher websites. Prior to joining Bankrate, Mr. Khawaja held roles with News Corp and AOL, advising executives on marketing, monetization, content distribution, and audience growth strategies. He will perform similar responsibilities for Even as SVP, Business Development, where he will lead publisher business development efforts. Even Financial is the supply side platform for online lending, offering lenders the best solution for quality customer acquisition and engagement, while also offering partners a suite of tools that empowers their audiences and adds value to their sites. “Raed and I worked in close partnership when I was at my previous role to deliver significant revenue to MarketWatch while adding real value for our readers,” said Ian Rosen, CEO of Even Financial. “I’m excited Raed will now help us add that same type of value for publishers here at Even with our best-in-class products in an important new vertical.” Mr. Khawaja adds, “Even Financial is at the technical forefront of customer acquisition and education for the fast-growing Personal Loans market. I’m excited to join this top team to help expand their growing network of publisher and lead generation partners, and to continue Even’s path towards becoming the leading acquisition platform in online lending.” Mr. Khawaja will be based in New York. About Even Financial Even Financial is the supply side platform for alternative lending, matching borrowers with top loan providers based on real-time industry and consumer insights. The Even team works to demystify online lending and help borrowers navigate the new financial landscape with user-friendly content and educational tools while giving lending platforms more advanced borrower acquisition and engagement tools. EVEN Financial was founded in 2014 and is based in New York, NY. Investors include Canaan Partners, F-Prime Capital and Lerer Hippeau Ventures. To view the original version on PR Newswire, visit:https://www.prnewswire.com/news-releases/former-senior-bankrate-executive-joins-even-financial-to-grow-partner-network-300242526.html

PROVEN SCALE & TRUST

$6B+

credit facilitated via our platform

1,000+

partner network

27M+

consumer inquiries quarterly

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PR Newswire
Nuula adds Term Life Insurance feature, powered by Even Financial
TORONTO, Aug. 4, 2022 -- Nuula, a fintech company focused on providing small businesses the tools and the capital they need to succeed, today announced a new Term Life Insurance feature that provides small business owners and entrepreneurs with coverage options from a network of top carriers, powered by Even Financial ("Even"), a leading embedded finance marketplace platform, and independent subsidiary of MoneyLion Inc. ("MoneyLion") (NYSE: ML). Through the Nuula app, users will now be able to shop, compare and buy Term Life Insurance, with policies up to $5MM in coverage and terms of 10-40 years. The policies in Nuula's new Term Life Insurance feature are generated and serviced by LeapLife, an insurtech platform and licensed life insurance agency, that is owned and operated by Even. "While small business owners and entrepreneurs are investing in their business, they also need to more easily invest in themselves and in the security of their loved ones," said Mark Ruddock, CEO at Nuula. "Adding Term Life Insurance further expands the range of services we are delivering to meet the diverse needs of today's small business owner." "Policyholders want a simpler way to shop around, compare policies and prices, and find a policy that is right for them," said Andrew Naoum, SVP of Sales at Even. "By partnering with Even, Nuula's small businesses are provided with a curated network of carriers rated A- and above by AM Best, world-class customer support and a search feature that matches people with the right policies and lowest available prices when and where they need it." Today's news follows the launch of a new personal loan search feature aimed towards early-stage small businesses, powered by Even. About Nuula Nuula is building the future of small business performance. Launched in 2021, Nuula is a financial services and technology company focused on serving the small to medium-sized business community. Nuula provides real-time data and analytics, allowing businesses to manage their finances, monitor their credit ratings and user reviews, and more. Nuula is an advocate of financial inclusivity and a proud partner to Kiva to create economic and social good. To learn more about Nuula, visit www.nuula.com. About Even Financial and LeapLife Even is the industry-leading embedded financial marketplace and independent subsidiary of MoneyLion Inc. ("MoneyLion") (NYSE: ML). MoneyLion is the go-to destination for personalized financial management, content, offerings and advice. As part of MoneyLion's enterprise offering, Even digitally connects and matches consumers with real-time, personalized financial product recommendations from banks, insurance carriers, and fintech companies on mobile apps, websites, and other digital touchpoints through its marketplace technology. Even's infrastructure leverages machine learning and advanced data science to solve a significant pain point in financial services customer acquisition, seamlessly bridging financial services providers (such as SoFi) and channel partners (such as TransUnion) via its industry-leading API and embedded finance marketplaces. Even enables any company to add financial products to its business, with full compliance and security at scale. Even was named one of "America's Best Startup Employers'' by Forbes for 2022 and was named to the 2021 Deloitte Technology Fast 500, which recognizes the fastest growing tech companies in the world. Learn more at www.evenfinancial.com and investors.moneylion.com. LeapLife is a licensed life insurance agency that utilizes data science, deep underwriting knowledge, and proprietary technology, enabling consumers to apply for instant-decision life insurance policies with real-time quotes, available in all 50 states. LeapLife was acquired by Even Financial (Even) in early 2020. Learn more at www.leaplife.com.
Even
Even Financial Adds Tally's Low-Interest Line of Credit to its Embedded Finance Marketplace
NEW YORK, NY, March 15, 2022 -- Even Financial ("Even"), the category-leading embedded finance marketplace and independently managed subsidiary of MoneyLion, Inc. (NYSE: ML), has announced a new partnership with Tally, a leading financial automation company, to include the company's low-interest credit offerings on its platform. "Tally has built a powerful tech-enabled system to help people solve one of the biggest financial problems today: paying off credit card debt," said Phill Rosen, Founder and CEO of Even. "We're thrilled to welcome Tally's line of credit offerings to Even's unparalleled network of financial services providers." Tally is designed to help its members pay off their debt faster and save them money on interest and late fees. Members can lower their monthly payment with Tally's lower-interest line of credit, if eligible. Typically, at least a 580 FICO score is needed. Tally's system is customized to save people as much money as possible. "Americans today owe nearly $1 trillion in credit card debt. We know from our research that many want to pay down their debt but struggle to get started. That's where Tally comes in," said Jason Huynh, VP of Credit, Analytics & Operations at Tally. "Our system combines financial automation with a low-interest line of credit to give people the help they need to get on track to pay off their credit card debt for good. We're thrilled that our partnership with Even will allow Tally to help even more people." The launch of Tally on the Even platform enables consumers to get matched with Tally's custom, low-interest line of credit accounts of up to $25,000 in just a few minutes. After getting matched, eligible consumers complete the process through the Tally app. There are no out-of-pocket costs. Tally is the latest partner to join the Even marketplace, a growing network of over 400 financial services partners and 500 channel partners covering a breadth of financial services including loans, credit cards, mortgages, savings, and insurance products. Even's marketplace technology enables any company to add financial products to its business, with full compliance and security, at scale. About Even Financial Even digitally connects and matches consumers with real-time, personalized financial product recommendations from banks, insurance carriers, and fintech companies on mobile apps, websites, and other digital touchpoints through its marketplace technology. Even's infrastructure leverages machine learning and advanced data science to solve a significant pain point in financial services customer acquisition, seamlessly bridging financial services providers (such as SoFi) and channel partners (such as TransUnion) via its industry-leading API and embedded finance marketplaces. Even enables any company to add financial products to its business, with full compliance and security at scale. Even was named one of "America's Best Startup Employers'' by Forbes for 2021 and was named to the 2021 Deloitte Technology Fast 500, which recognizes the fastest growing tech companies in the world. Learn more at www.evenfinancial.com. About Tally Tally is a consumer financial tech company pioneering full-service financial automation to help people save money, pay down their debt and reach their goals sooner. Founded in 2015, the company built the first fully automated debt manager to help put billions of dollars back in people's pockets. In 2021, Tally was named to Fast Company's Most Innovative Companies list and to Quartz's Best Companies for Remote Workers. Previously, Tally made Forbes' Next Billion Dollar Startup list, Forbes' Fintech 50 list, and the app won Real Simple's Smart Money award. Learn more at meettally.com. Media Contacts media@evenfinancial.com press@meettally.com
Even
Even Financial’s Embedded Finance Marketplaces Surpass $5 Billion in Credit Facilitated
NEW YORK, NY, April 19, 2022 -- Even Financial (“Even”), the category-leading embedded finance marketplace and independent subsidiary of MoneyLion, Inc. (NYSE: ML), has announced it has now facilitated over $5 billion in consumer credit, as of March 2022. Leveraging machine learning and advanced data science, Even solves a significant pain point in financial services customer acquisition by seamlessly bridging financial service providers and channel partners via its industry-leading API and embedded finance marketplaces. “Surpassing $5 billion in consumer credit facilitated through our marketplace is an enormous achievement for Even as we continue to help build the future of finance technology,” said Phill Rosen, Founder and Chief Executive Officer. “Access to credit has long been a challenge for many hard-working Americans, and we are dedicated to alleviating this issue by providing consumers personalized financial services offers that meet their needs, when they need it most. Reaching the $5 billion milestone reaffirms that our mission is driving significant value for both consumers and our partners." Even has grown its embedded finance marketplace offerings beyond loans to cover a breadth of additional financial services including credit cards, mortgages, savings, and insurance products. Within loans, Even offers the largest network of premium, connected loan providers - across a wide array of products including unsecured personal loans, secured personal loans, line of credit, student loan refinancing, and auto loan refinancing. Leading financial services providers, such as LendingClub and SoFi, partner with Even to reach qualified consumers searching for loans, benefiting from Even’s unparalleled network and native integrations. The company has continued its rapid growth trajectory in 2022, growing its network to include over 400 financial services partners and 500 channel partners. Even's marketplace technology enables any company to add financial products to its business, with full compliance and security at scale. Earlier this year, Even announced the close of its acquisition by MoneyLion, the award-winning digital financial platform, which will continue to advance their combined efforts of providing financial access and advice to hard working Americans. About Even Financial Even digitally connects and matches consumers with real-time, personalized financial product recommendations from banks, insurance carriers, and fintech companies on mobile apps, websites, and other digital touchpoints through its marketplace technology. Even's infrastructure leverages machine learning and advanced data science to solve a significant pain point in financial services customer acquisition, seamlessly bridging financial services providers (such as SoFi) and channel partners (such as TransUnion) via its industry-leading API and embedded finance marketplaces. Even enables any company to add financial products to its business, with full compliance and security at scale. Even was named one of "America's Best Startup Employers'' by Forbes for 2022 and was named to the 2021 Deloitte Technology Fast 500, which recognizes the fastest growing tech companies in the world. Learn more at evenfinancial.com. Media Contact media@evenfinancial.com