Perqia provides an incentive-based platform designed to engage auto loan borrowers and proactively prevent delinquency. The system integrates with existing auto servicing infrastructure, including LMS and CRM systems, to offer flexible self-servicing and rewards programs. This approach helps servicers drive borrower performance and maintain top-of-wallet status across their portfolios.
Funding
Funding not disclosed
Founders
Product
Problem
Auto loan servicers face challenges with borrower delinquency, which impacts portfolio performance and increases operational costs. Existing engagement strategies often fail to consistently incentivize timely payments, leading to a higher rate of late or missed payments.
Solution
Perqia offers a digital platform designed to enhance borrower engagement and reduce auto loan delinquency through an integrated rewards system. The platform incentivizes borrowers to make on-time payments by offering tangible rewards, thereby fostering a more consistent payment behavior. For auto loan servicers, Perqia provides advanced analytics and visualization tools that improve portfolio management and offer actionable insights into borrower trends. This approach aims to increase borrower self-servicing capabilities and ultimately drive better financial outcomes for the loan portfolio.
Target Audience
The primary customers are auto loan servicers and lenders seeking to improve borrower payment behavior and enhance portfolio management through technology.
Features
- Integrated rewards engine to incentivize timely auto loan payments.
- Borrower-facing interface designed to increase self-servicing and engagement.
- Advanced analytics and visualization tools for portfolio performance monitoring.
- Native compatibility with leading auto servicing systems, including OFSLL and Shaw Systems.
- API integration capabilities for seamless connection with existing payment processors.
- Scalable architecture to support diverse borrower segments and portfolio sizes.
- Day-0 engagement features to establish positive payment habits early in the loan lifecycle.