Amplifi Capital is a consumer lending platform that provides unsecured personal loans to near-prime consumers who lack access to traditional banking credit. The platform supports community-oriented financial institutions, such as Credit Unions, by offering a fintech solution that enhances their lending capabilities and facilitates stable returns for investors.
Funding
$28.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many consumers with near-prime credit scores struggle to access personal loans from traditional banks due to stricter lending criteria. This limited access to credit can hinder their ability to manage expenses, improve their financial situation, or achieve personal goals.
Solution
Amplifi Capital provides a consumer lending platform that connects near-prime consumers with community-oriented financial institutions, such as Credit Unions, offering unsecured personal loans. The platform leverages a state-of-the-art fintech infrastructure to enhance the lending capabilities of these institutions, enabling them to serve a broader range of customers. By utilizing advanced cloud-based technology and open banking, Amplifi Capital facilitates access to more affordable loans for underserved consumers, helping them improve their credit ratings and achieve financial stability. The platform also provides investors with opportunities to generate stable returns by funding the capital within the Credit Unions it services.
Target Audience
Amplifi Capital primarily serves near-prime consumers who are underserved by traditional banks, as well as community-oriented financial institutions like Credit Unions and investors seeking stable returns.
Features
- End-to-end digital lending platform for unsecured personal loans.
- Integration with Credit Unions and other community-oriented financial institutions.
- Advanced cloud-based infrastructure for efficient loan processing.
- Open banking integration for enhanced risk assessment and affordability checks.
- Instant quote generation without impacting credit scores.
- Customer support via UK-based call centers.
- No arrangement fees for borrowers.