Fintech company specializing in fully automated data-driven credit solutions

A fully automated online consumer finance company specializes in providing effective credit products. The process is entirely self-service with no human intervention from start to finish of application. The company has long-term relationships with blue-chip suppliers of operational banking and DebiCheck services and has recently developed a new range of products that will allow it to monetize its customer base further through targeted insurance offers. 

Key Aspects

• Highly-skilled management team with decades of experience in the South African finance and lending landscape
• Fully-automated and objective credit decisioning performed through advanced risk assessment strategies
• Long-term relationships with blue-chip suppliers of operational banking and DebiCheck services
• Amazon Web Services (AWS) powered infrastructure with exceptional potential for scale, supporting lower capital expenditure thanks to cloud-based software
• Real-time access to customers’ financial information and bank transactional data through partnership with blue-chip organizations such as Transunion, giving the company a highly-predictive insight into customers’ financial behaviour to optimize credit decisioning
• High-speed services with an average turnaround of 10 minutes, from application to account deposit, giving the company an enormous competitive edge 

Opportunities

• Developing a new product which will allow the company to monetise its base of declined customers through targeted insurance offers
• Offering larger loan values and extended payment terms to the company’s lowest-risk clients, enabling significant loan book grow
• Leveraging a large POPIA compliant database to up-sell or cross-sell new products and offerings
• Expanding the company's market presence throughout South Africa through targeted marketing and sales campaigns
• Re-launching the company's virtual card by partnering and integrating with payment card networks and other banks
• Expanding the company’s offering by adding embedded insurance and device financing solutions 

Headquartered

• The company is headquartered in the Western Cape, South Africa.