Fintech Startup EarnUp Partners With Framework For New Homeownership Technology

EarnUp, a fintech startup that offers a consumer-first platform for automating loan payments, announced on Friday it has teamed up with Framework Homeownership to launch new homeownership technology to increase the financial wellness of homeowners. The partnership is reportedly being supported with funding from EarnUp investor Acumen America, a nonprofit venture fund tackling problems of poverty in the United States provided by a grant from Acumen. While sharing details about the partnership, Danielle Samalin, CEO of Framework, stated:

“We are excited to align our two mission-driven organizations to help everyday Americans build wealth through homeownership. Framework’s mission is to increase access to affordable homeownership, especially for first-time and first-generation homebuyers. Many people are shut out from financial opportunities that can have a lasting impact for generations due to disparate access to knowledge, tools, and resources that make homeownership a reality. This partnership with EarnUp will support homeowners as they navigate this critical financial decision making, so they can do so with confidence.”

EarnUp Co-Founder and CEO, Matthew Cooper, also commented:

“Homeownership education combined with technology works. This innovative partnership opens doors to people formerly left out of the wealth-building process of owning a home using our tools and resources. By using EarnUp’s platform, we can strengthen the consumer’s ability to make payments on time, avoid foreclosure, and build financial resilience.”

Amon Anderson, Director of Acumen America, added:

“The high rate of mortgage delinquency and default is forcing too many low-income families out of their homes and does long-term damage to their financial health. Integrating EarnUp’s technology into Framework’s homebuyer education product has the potential to transform the ability of low-income Americans to successfully participate in the homeowner market and climb the ladder to financial health.”

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