On Thursday, fintech startup SuperMoney announced its loan offer engine has processed more than $500 million in loan requests since its launch in April 2017. The company, which was founded in 2013, states it is making personal finance “fun and accessible” by building a community and resource for free financial help. The site now offers useful information and tools to help consumers gather the information they need.
SuperMoney reported its loan offer engine provides a unique platform where consumers can submit a loan inquiry and receive competing pre-approved loan offers from leading lenders – all without affecting their credit score. Miron Lulic, founder and CEO of SuperMoney, stated:
“Real-time comparison shopping technology has been available within the travel industry for many years now and our platform is bringing that same efficient user experience to financial services.”
SuperMoney also noted after launching the personal loan offer engine in spring 2017, it launched an auto loan offer engine in summer 2017. The company plans to expand its loan offer engine into new verticals in 2018. In regards to expansion and growth, Lulic went onto add:
“Our innovative financial technology is unmatched in this space. Our platform is meeting a need most consumers didn’t realize they had for greater transparency and more choices when it comes to financial services. Exceeding $500 million in loan requests shows just how much it’s resonating, and we look forward to continued growth as we work to provide additional tools for consumers.”