OLYMPIA, Wash.--(BUSINESS WIRE)--QCash Financial, a startup provider of automated, cloud-based, omni-channel small-dollar lending platform for financial institutions, announces it has experienced significant interest since its launch in 2015 and is signing up clients.
In 2015, QCash Financial launched QCash V5.0, further extending the solution’s ability to provide greater flexibility when offering short-term loans and introducing Spanish language support for web, mobile channels and loan documentation, to provide an enhanced member experience.
The QCash platform has steadily increased in popularity, and has been used to originate seven percent more loans in 2015 than in 2014.
Additionally, Ben Morales, CEO of QCash Financial has been featured as a guest speaker at CUNA Payments Roundtable, June 1-2 in New Orleans; America’s Credit Union Conference and the World Credit Union Conference, July 11-15 in Denver; LEND360 Conference, October 13-15, in Atlanta; and Filene’s Big.Bright.Minds Conference, December 2-3 at Harvard University in Cambridge, Massachusetts.
QCash Financial has also launched a collaborative relationship with Filene Research Institute to conduct research related to small-dollar, short-term lending. This collaboration will include a webinar series focused on payday lending alternatives in the credit union industry.
“Since our launch, our company has generated significant interest among the financial industry community, in particular, beginning important relationships with policy makers, industry think tanks and engaging with financial institutions as potential customers,” said Ben Morales, CEO of QCash Financial.
The QCash loan platform was developed in 2004 by WSECU after the credit union’s tellers noticed a substantial number of its members required small, short-term loans from payday lenders that were charging excessive fees and interest rates. It is offered as a white label solution to financial institutions. For more information contact Ben Morales at bmorales@q-cash.com.
About QCash Financial
Olympia, Washington-based QCash Financial started as a short-term loan solution for members of WSECU in 2004. QCash Financial is a provider of an automated, cloud-based, omni-channel lending platform that enables financial institutions to provide short-term loans quickly to the people they serve. For more information about QCash, visit its website at Q-Cash.com
