Unsecured mortgage supplier Blissful Cash introduced a strategic partnership with Technique Monetary.
Blissful Cash will use Technique’s monetary legal responsibility connectivity APIs to assist credit score union members higher handle bank card debt.
Headquartered in Austin, Texas, Technique made its Finovate debut earlier this yr at FinovateSpring in San Francisco.
Blissful Cash, an unsecured mortgage supplier that works with credit score unions, has solid a strategic partnership with Technique Monetary. The corporate will leverage Technique’s expertise – a set of legal responsibility connectivity APIs – to assist Blissful Cash members consolidate and repay high-interest bank card debt.
“Blissful Cash helps customers throughout the nation entry the capital they should attain their targets in partnership with credit score unions and different community-focused lenders,” Technique CEO and Co-Founder Jose Bethancourt mentioned. “With the mixing of our expertise, they’re guaranteeing the method is as seamless, fast, and environment friendly as potential, creating worth for all concerned.”
Blissful Cash affords customers private loans with a low rate of interest and a single, fastened cost to assist them repay high-interest bank card debt. Built-in into the Blissful Cash platform, Technique’s legal responsibility connectivity APIs will facilitate extra correct identification of members’ excellent bank cards, in addition to real-time stay steadiness retrievals and steadiness transfers. All this takes place with out members having to enter account numbers or passwords.
Because the partnership started, Blissful Cash experiences that its members have linked greater than 50,000 accounts by way of Technique’s APIs. Furthermore, tens of millions of {dollars} in client debt have been consolidated month-to-month by way of Technique’s connectivity and cost rails. Collectively, Blissful Cash and Technique have facilitated greater than $7 million in steadiness transfers for Blissful Cash members.
“At Blissful Cash, we imagine that prioritizing debtors’ well-being is a profitable technique,” Blissful Cash Head of Product and Design Nick Pesce mentioned. “Our platform permits customers to fulfill their monetary targets and allows credit score unions to diversify their portfolios and develop.”
Based in 2009, Blissful Cash is headquartered in Torrance, California. Since inception, the corporate has served greater than 300,000 members and funded greater than $6 billion in loans by way of partnerships with community-focused lenders. Blissful Cash has raised greater than $337 million in capital, in accordance with Crunchbase. Anthemis and TruStage Ventures are among the many agency’s traders.
Technique made its Finovate debut earlier this yr at FinovateSpring, the place the corporate demoed its connectivity, information, and funds APIs. Technique’s expertise allows lenders, fintechs, and monetary establishments to leverage complete, real-time credit score information, evergreen connections, and built-in cost rails to supply prospects personalised lending and monetary administration experiences.
Through a single integration, Technique allows entry to liabilities held at greater than 15,000 monetary establishments within the U.S., representing 95% of all excellent client debt. The corporate has helped 200,000+ customers join greater than $22 billion in client debt to their most well-liked monetary establishment.
Headquartered in Austin, Texas, Technique was based in 2021. The corporate’s traders embrace Andreessen Horowitz, Truist Ventures, and Leonis Capital.
Picture by Jeswin Thomas
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