Thredd has entered the credit space through a partnership with LoanPro to power a new suite of credit products for fintechs and financial institutions across the U.S. and beyond.
The partnership marks a step in Thredd’s broader strategy to offer full-stack issuing and processing capabilities that include credit, debit, and prepaid solutions.
Under the collaboration, Thredd will integrate LoanPro’s composable credit infrastructure with its real-time card issuance and processing platform, which supports digital wallets and embedded fraud detection.
The combined system aims to help clients design and scale differentiated credit products more quickly and with greater personalisation, while ensuring compliance and operational efficiency.
“Credit-based value propositions drive not only more opportunities for both B2B and B2C verticals, but also generate more revenue for issuers, fintechs and enterprises.
LoanPro’s platform solves much of the inherent complexity in providing truly differentiated credit, allowing us to offer our clients the tools to build sticky, profitable credit products, while maintaining compliance and operational efficiency.”
said Jim McCarthy, CEO at Thredd.
“There is a massive opportunity to launch credit products in the U.S. and globally in a way that truly meets consumers and businesses where they are. The future of finance is personalised.
Thredd brings together the entire ecosystem needed to launch revolving credit products, and with LoanPro’s modern, composable platform, clients can personalise and differentiate their offerings at scale in a way that drive share of wallet. We’re proud to support Thredd’s vision for global credit innovation.”
added Rhett Roberts, Co-Founder & CEO at LoanPro.
Thredd serves more than 100 fintechs, digital banks, and embedded finance providers across 47 countries.
LoanPro supports over 600 lenders through its credit and lending platform designed to enhance borrower, agent, and back-office experiences.
Featured image: Edited by Fintech News Singapore, based on image by Trend2023 via Freepik
