NEW YORK, April 19, 2022 /PRNewswire/ — Even Financial (“Even”), the category-leading embedded finance marketplace and independent subsidiary of MoneyLion, Inc. (NYSE: ML), announced that it has now entered into a facilitation relationship 5 billion dollars in consumer credit March 2022. Leveraging machine learning and advanced data science, Even solves a significant pain point in financial services customer acquisition, seamlessly connecting financial service providers and channel partners via its industry-leading API and embedded financial marketplaces.
“Exceed 5 billion dollars Consumer credit enabled through our marketplace is a tremendous achievement for Even as we continue to help build the future of financial technology,” said Phil Rosen, Founder and CEO. “Access to credit has long been a challenge for many hard-working Americans, and we are committed to alleviating this problem by providing consumers with personalized financial service offerings that meet their needs when they need them most 5 billion dollars Milestone affirms that our mission creates significant value for both consumers and our partners.”
Even has expanded its embedded finance marketplace offering beyond loans to cover a wide range of additional financial services including credit cards, mortgages, savings and insurance products. Within credit, Even offers the largest network of top-rated, connected credit providers – across a wide range of products including unsecured personal loans, secured personal loans, line of credit, student loan refinance and auto loan refinance. Leading financial services providers like LendingClub and SoFi work with Even to reach qualified consumers looking for credit and benefit from Even’s unparalleled network and native integrations.
The company has continued on its rapid growth trajectory in 2022, expanding its network to over 400 financial services partners and 500 channel partners. Even’s marketplace technology enables any company to add financial products to their business at scale with full compliance and security. Earlier this year, Even announced the completion of its acquisition by MoneyLion, the award-winning digital finance platform that will continue their collaborative effort to bring financial access and guidance to hard-working Americans.
About Even Financial
Even digital connects and matches consumers with personalized, real-time 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 by seamlessly connecting financial service providers (like SoFi) and channel partners (like TransUnion) via its industry-leading API and embedded financial marketplaces. Even allows any company to add financial products to their business with full compliance and security at scale. Even was named one of Forbes’ “America’s Best Startup Employers” for 2022 and was included in the 2021 Deloitte Technology Fast 500, which recognizes the fastest growing technology companies in the world. Learn more at evenfinancial.com.
SOURCE Even Financial, Inc.