What Is Viva Finance? Everything, Including Reviews, Loans, Employment History, and Financial Services and Their Rating

VIVA Finance is the engine that drives a mobile-first lending platform that underwrites loans mostly based on employment information rather than a borrower’s credit history. VIVA aims to contribute to the development of a more inclusive financial system by increasing access to affordable credit via the use of an alternative credit underwriting approach. Since the company’s launch in early 2019, thousands of people have taken use of its loans to refinance high-interest debt and meet a range of other financial requirements. More information can be found VIVA Finance, based in Atlanta, has completed a $6.2 million Series A funding round.

The following is a press release from Atlanta-based Business Wire. A broad group of investors has contributed more than $6 million to the growth of Atlanta-based fintech lender VIVA Finance, which will use the funds to speed its nationwide expansion and provide affordable loans to previously disadvantaged individuals. With its headquarters in the Southeast, VIVA intends to use the proceeds of its latest investment round to invest in its people, technology, and marketing to grow its presence throughout the United States.

Viva Finance

“I am overjoyed at the prospect of expanding our national reach and providing more people with the tools they need to achieve financial independence,” said Jack Markwalter, co-founder and CEO of VIVA Financial. “This most recent round of funding will be critical in assisting us in our mission to develop a more accessible financial system,” said the organisation.

In the wake of the company’s great financial success in recent months, VIVA has raised additional capital. When compared to the same period a year ago, VIVA’s revenue increased by more than 800 per cent in the recently concluded quarter.

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Viva Bases Loan Approval on Employment History

At the opposite end of the spectrum from traditional lenders who underwrite loans primarily on credit score, VIVA underwrites loans primarily on employment history, thereby increasing access to affordable credit products for Americans who may have limited financial options due to the lack of credit history.

While there is no necessity for a credit score for VIVA’s loans, customers can improve their credit score by making on-time loan payments. VIVA’s loans are serviced immediately through payroll, which makes repayment simple while also incorporating a built-in budgeting system to help you stay on track. As part of its commitment to borrowers’ financial well-being, VIVA provides financial education resources to bring about long-term change.

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“We created VIVA because we were committed to removing the barriers that hinder many Americans from receiving cheap credit,” said Hodges Markwalter, co-founder and chief operating officer of VIVA Financial Corporation. In addition, with the Series A funding, we will be in a position to further develop our proprietary underwriting technology while simultaneously ramping up our client acquisition channels to enhance the lives of more people.”

Viva Finance Is a Financial Services Company

VIVA Finance is the engine that drives a mobile-first lending platform that underwrites loans mostly based on employment information rather than a borrower’s credit history. VIVA aims to contribute to the development of a more inclusive financial system by increasing access to affordable credit via the use of an alternative credit underwriting approach.

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Viva Finance

When it was first launched in early 2019, VIVA had originated tens of millions of dollars in loans to assist working Americans in refinancing high-interest debt, meeting a range of financial requirements, and establishing or rebuilding their credit. More information can be found at www.viva-finance.com.

Personal Loans From Viva Loan: a Review

Vivaloan is a free financial service that connects borrowers with personal loan lenders who are willing to work with them. Vivaloan is OLA-compliant and allows consumers to apply for loan amounts ranging from $100 to $15,000.

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Vivaloan accepts applications for loan amounts between $100 and $15,000. To ensure that everyone has access to credit, the company’s loan linking service has formed partnerships with hundreds of lenders.

What Is the Rating for Viva Loan?

Vivaan is an online lending marketplace that enables users to simply apply for loans online over a secure platform and receive quick responses from lenders regarding loan approval. Customers can borrow up to $15,000 in personal loans and obtain payment plans that allow them to repay their lenders directly over a predetermined period, such as a year. Vivaloan does not have any contact information displayed on their website other than an email address, and they do not have a significant online presence. In addition, the company does not have any positive web reviews of its service to its credit.

Viva Finance

0 out of 5 stars for the VIVA LOAN COST OF LOAN, which includes loan costs, interest rates, discounts, and fees.
There is no application fee listed on the Vivaloan website. Vivaloan, being a marketplace, does not give information on the interest rates of authorised loans or any payment penalties that may be incurred.

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