Even Financial's Embedded Finance Marketplaces Surpass $5 Billion in Credit Facilitated

Rhea-AI Summary

Even Financial, a subsidiary of MoneyLion, has facilitated over $5 billion in consumer credit as of March 2022. This milestone highlights Even's role in transforming financial services customer acquisition through its API and embedded finance marketplace. The company has expanded its offerings to include loans, credit cards, mortgages, and insurance, partnering with over 400 financial services providers and 500 channel partners. The acquisition by MoneyLion aims to further enhance financial access for consumers.

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• Facilitated over $5 billion in consumer credit, indicating strong marketplace growth.
• Expanded offerings to include loans, credit cards, mortgages, and insurance products.
• Partnership with over 400 financial services and 500 channel partners enhances market reach.

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• None.

NEW YORK, April 19, 2022 /PRNewswire/ -- 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

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SOURCE Even Financial, Inc.

FAQ

What milestone did Even Financial achieve in credit facilitation?

Even Financial has facilitated over $5 billion in consumer credit as of March 2022.

How many financial services partners does Even Financial have?

Even Financial has partnered with over 400 financial services providers.

Which financial platform acquired Even Financial?

Even Financial was acquired by MoneyLion.

What types of services does Even Financial offer?

Even Financial offers loans, credit cards, mortgages, savings, and insurance products.