Nuula Announces Partnership with Even Financial to Power New Personal Loan Search Feature to Help Small Business Startups
Nuula’s new Loan Finder feature gives small business owners and entrepreneurs access to offers from over 30 of the top lenders.
TORONTO, June 21, 2022 /PRNewswire/ — Nuula, a financial technology company focused on providing small businesses with the tools and capital they need to succeed, today announced a new personal loan search feature that allows small business owners small or early stage businesses and entrepreneurs to search over 30+ best lenders for personal loan deals from $5,000 at $250,000powered by Even Financial (“Even”), the integrated financial marketplace owned by MoneyLion Inc. (NYSE: ML).
Complementing the existing term loan product, designed for more mature businesses, Nuula has introduced this new feature to meet the diverse capital needs of small business owners, especially sole proprietors, freelancers and consultants. Unlike traditional financial institutions, which offer limited and inflexible lending options, often only serving businesses at a more established stage of their growth, Nuula now allows borrowers to find multiple lending options and find a loan that fits their needs. their unique needs, including those who are just getting started, through its partnership with Even.
Nuula’s new loan search feature powered by Even connects small business owners with personalized loan offers in less than 60 seconds, based on borrower criteria and credit health. The new feature also allows small business owners to compare offers — including loan term, APR, and estimated monthly payments — without affecting their credit score.
“Small businesses come in all shapes and sizes, and so do their capital needs,” said Marc Ruddock, CEO of Nuula. “Nuula’s all-in-one approach not only gives small businesses access to incredibly powerful tools that provide real-time insight into the health of their business, but now gives them access to a range of ‘different financing options, such as personal loans, to help them access the capital needed to succeed at every stage of their business, powered by Even.”
Nuula’s new functionality was made possible through integration with Even financialthe leading integrated finance market in its category.
“There is no one-size-fits-all approach to covering all the different capital needs of a small business,” said Andrew Nauom, senior vice president of sales at Even. “By partnering with Even, qualified Nuula customers will be able to access offerings from the largest network of connected financial service providers and find personal loans that best suit their needs.”
Nuula will announce additional features and partnerships in the coming weeks.
Nuula is building the future of small business performance. Launched in 2021, Nuula is a financial services and technology company focused on serving the small and medium business community. Nuula provides real-time data and analytics, allowing businesses to manage their finances, monitor their credit scores and user reviews, and more. Nuula is an advocate for financial inclusiveness and a proud partner of Kiva in creating economic and social good. To learn more about Nuula, visit www.nuula.com.
About Even Financial
Even Financial (Even) is the integrated financial market leader and a subsidiary of MoneyLion Inc. (“MoneyLion”) (NYSE: ML). MoneyLion is a leading digital financial services and lifestyle content platform serving consumers and businesses. As part of MoneyLion’s enterprise offering, Even digitally connects and connects consumers with personalized real-time financial product recommendations from banks, insurance companies and fintech companies on mobile apps, websites and other digital touchpoints through its marketplace technology. Even’s infrastructure leverages machine learning and advanced data science to solve a significant problem in customer acquisition in financial services, by seamlessly connecting financial service providers (such as SoFi ) and distribution partners (such as TransUnion) through its state-of-the-art API and integrated financial markets. Even enables any business to add financial products to their business, with full compliance and security at scale. Even was named one of “America’s Top Startup Employers” by Forbes for 2022 and was named to the 2021 Deloitte Technology Fast 500, which recognizes the world’s fastest growing technology companies. www.evenfinancial.com and investors.moneylion.com.