back Back

The Very Group extends partnership with Freedom Finance for 3 years

By Gloria Methri

March 28, 2023

  • consumer lending
  • Digital Lending
  • Digital Retailer
Share

Freedom Finance, Digital Lending, Consumer Lending, UK, FinTech, The Very Group, Digital Retailer, Personal LoansThe Very Group, the UK’s integrated pureplay digital retailer and financial services provider, has extended its embedded marketplace partnership with Freedom Finance for a further three years.

A digital lending marketplace, Freedom Finance provides a range of credit services for customers of The Very Group across its family of digital retail brands, led by Very.co.uk and supported by Littlewoods.com.

Through its proprietary lending technology, Freedom Finance provides The Very Group’s 4.4 million customers with access to unsecured personal loans. Using soft search technology and advanced matching, Freedom helps customers to find loans from a wide panel of reputable credit providers without harming their credit score while they search.

This renewal extends the relationship between the two companies for three more years until 2025 and increases the range of credit products available to Very’s customers.

Michael Davidson, Chief Revenue Officer at Freedom Finance, said, “It is a testament to Freedom Finance’s proven embedded finance marketplace that The Very Group have not only chosen to renew our partnership but also deepened the variety of services that we are able to offer their customers.

“Access to a range of trusted credit options from reputable lenders is vital to helping customers secure flexible, affordable products that are appropriate for their personal and financial situation. Providing financial services throughout the entire customer journey is becoming increasingly important for retailers like The Very Group in meeting the demands of their customers and establishing deeper relationships.”

Darren Lloyd from The Very Group, added, “I am pleased to say that we’ve been partnering with Freedom Finance since 2018. In that time they have taken a collaborative approach to working with us and I have been particularly impressed by the effort they have made to understand how they can work with us to offer new financial products to our customers whilst maintaining a strong focus on creating a seamless customer journey.”

Previous Article

March 28, 2023

Western Union expands its service offering across Peru

Read More
Next Article

March 28, 2023

Ingenico announces Laurent Blanchard as new CEO

Read More








IBSi Daily News Analysis

Generative AI

April 12, 2024

consumer lending

Security experts sound the alarm on Deepfake threats in the age of AI

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

April 12, 2024

Navy Federal Credit Union expands partnership with Backbase

Read More

April 11, 2024

FinTech Optasia secures PFTSP license by the Bank of Ghana

Read More

April 11, 2024

Experian set to acquire illion in Australia and New Zealand

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023