Even Financial and Figure partner to add Blockchain-enabled personal loan products on Even platform

By Pavithra R

NewYork based Even Financial, an API provider for financial services search, acquisition, and monetization, has announced a new partnership with Figure to launch the company’s personal loan products on the Even platform.

Even, by leveraging machine learning and advanced data science, solves a significant pain point in financial services acquisition by seamlessly bridging financial institutions and channel partners via its industry-leading API and embeddable solutions.

Figure is a FinTech company leveraging AI, blockchain, and analytics to deliver innovative consumer financial products that help improve the financial lives of customers. The firm has dramatically decreased the time it takes for consumers to secure loans and has significantly reduced the costs associated with loan origination, servicing, financing, and capital markets execution. The company was founded in 2018 to unlock new access points for consumer credit products that can transform the financial lives of its customers.

“Figure is an exciting, advanced provider that is driving transformational change in consumer credit. We’re thrilled to welcome them to Even’s unparalleled network of loan products,” said Phill Rosen, Founder and CEO of Even Financial.

The launch of Figure on the Even platform enables consumers to get matched with personal loans of up to $50,000. Figure offers a 100% online application that allows applicants to apply and see their rate in minutes and access funding in as few as two days.

“We continue to see a strong resurgence in the demand for lending products across the millions of consumers Even surfaces offers for each month. The addition of cutting-edge partners like Figure strengthens our ability to connect consumers with the loans best suited for their unique needs,” said Shwetabh Gautam, Director of Financial Institution Partnerships at Even.

“Phill and the team at Even share our vision of leveraging blockchain technology to make financial services simpler, faster, and personalized. Through the Even platform, we will be able to reach a broader and more diverse set of consumers seeking our innovative credit products,” said Brad Simmons, CMO of Figure.

Founded in 2015, Even Financial is a B2B FinTech company connecting consumers to personalized offers for loans, savings, credit cards, and more with its API service. It seamlessly bridges the gap between FIs and Channel partners. The firm offers the largest network of premium, API-connected loan providers. Enterprises and established publishers such as MoneyLion and TransUnion partner with Even to power financial product offers for loans and other financial services including insurance, credit cards, and savings.