WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Finova Financial, the industry’s first cloud and mobile-based consumer lending platform transforming the title lending industry, announced today that its CEO, Gregory Keough, will be discussing “The Future of Non-Bank Consumer Finance” at the 3rd Annual Lend360 at the Chicago Marriott Magnificent Mile in Chicago Oct. 6 at 11:15 a.m.
The only conference connecting the entire ecosystem of the online lending spectrum, Lend360 brings together thought leaders in finance and technology to lay the groundwork for the future of the industry.
“There are 26 million Americans who are ‘credit invisible,’” notes Keough. “Traditional financial institutions fail to provide relevant services to these Americans, leaving them to the mercy of an alternative financial services market that has historically preyed upon them more than it has helped them. We hope to break that model and help consumers back to financial health and credit worthiness.”
Committed to having a positive social impact by solving the problem of the traditional title loan 30-day debt trap, Finova created a totally new and different type of loan. Finova’s Car Equity Line of Credit (C-LOC) saves consumers up to 70% off the cost of traditional auto title loans and helps consumers rebuild or establish good credit by offering instant online pre-qualification, more time to repay their loan, payment-against-principal with every payment, and reporting to major credit bureaus.
Images for Gregory Keough can be found here.
About Finova Financial
Finova Financial is transforming the FinTech industry as a socially responsible online lender, providing fast, affordable loans based on the equity in your car. Founded in 2015 by a team of financial services, technology and payment experts, Finova delivers a path to financial well-being and fair lending for the 70 million financially underserved Americans that spend $138 billion in fees and interest annually on alternative financial products. Finova’s Car Equity Line of Credit (C-LOC) costs up to 70% less than the current national average, provides around-the-clock access to capital, and a 12-month payback plan. Finova Financial backers include Silicon Valley investors MHS Capital, Refactor Capital, CoVenture, Metamorphic Ventures, and 500 StartUps; Al Hamra Group, a private company owned by United Arab Emirates’ ruling family, Ras Al Khaimah; and others. For more information: www.finovafinancial.com
