Monevo, a U.S.-based personal loan marketplace, announced last week the launch of its personal loan API, Credit Staq, which allows Monevo partners, including comparison sites, fintechs and consumer brands to present and compare pre-approved loan offers from the platform’s panel of personal loan lenders natively within their own environments. While sharing more details about the API, Greg Cox, co-founder and CEO of Quint Group, which Monevo is part of, reportedly stated:
“Monevo has always been committed to creating fintech that ultimately improves consumers’ access to the right credit. Credit Staq ensures consumers find the right credit product for them quickly and easily and gives brands the opportunity to connect their customers with market leading pre-approved loan comparison and search. Credit Staq also gives banks a new opportunity to offer their consumers a wider personal loan proposition for customers they are currently unable to service, increasing customer satisfaction and maintaining brand loyalty.”
Tim Kirby, Group Commercial Director at Quint Group, also commented:
“In 2019 consumers want and expect online marketplaces and challenger banks are already proving that customers want access to alternative products through their banking relationships. Mainstream banks currently have a huge opportunity to offer this type of experience to their customers and risk being left behind if they do not leverage Monevo’s unrivalled infrastructure and intellectual property through Credit Staq.”
Founded in 2007, Monevo focuses on providing the commercial, technical, fraud prevention, decisioning and regulatory infrastructure required to work with lenders allowing the affiliates and brokers to focus on marketing and customer origination.
“Monevo is an award-winning service which helps consumers search and find the best available rates on personal loans from the major online lenders and banks without impacting your credit score. Monevo has helped thousands of customers borrow more than one billion dollars worth of personal loans. Monevo provides a fantastic solution for your money needs.”