Creating credit customers can afford
It was a pleasure to meet Vaibhav Puranik, Chief of Staff at Aven Financials. He is a former neo-bank founder who launched a broker-dealer and cash management platform. In the past, he has worked in Consumer Financial Services, Retail Banking, Card Issuing and Acquiring, Lending, Payments, Loyalty, and Investment/Wealth Management.
To learn more about offering credit customers can afford, click on the video below:
Aven Financial is focused on home equity lines of credit, offering low rates, and simplifying application process, that is normally complex and can take weeks to close. They have exploited a perfect opportunity by building a online digital applications and verification process, limit the amount of loans to what customer can actually afford. The loans as dispersed through a home equity-backed credit card line where customers can earn cash back.
The company has partnered with Coastal Community Bank and Visa and is now expanding to other states and partnering with local or regional banks. Customers have enjoyed the companies' innovative approach, great pricing, and simple convenience with the trust of a traditional FDIC-insured bank and the Visa network.
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