WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Finova Financial, the industry’s first cloud-based platform for affordable consumer emergency lending, announced today that it has been named US Firm of the Year for Lending Innovation by Finance Monthly’s 2017 Fintech Awards. CEO Gregory Keough was also a top finalist in the category of Fintech Thought Leader-Advisor of the Year.
From thousands of nominations, Finance Monthly’s Fintech Awards recognize the true innovators - individuals, firms, start-ups and banks - who help drive the Fintech sector forward. The award winners were chosen by Finance Monthly’s readers, who are C-suite executives, investors, shareholders, and business owners at financial institutions, corporations, legal private practices, government institutions, venture capital houses, and academic institutes.
“It is an honor to be recognized by the readers of a respected global publication like Finance Monthly,” said Keough. “We believe that our model of socially responsible emergency lending is the way of the future, and we are deeply gratified that the prestigious readers of Finance Monthly share our vision for the alternative financial services market.”
Finance Monthly’s research department selected winners based on the number of votes received from readers, expertise, innovation in the last 12 months, strategic vision and implementation, and amount of activity in the last 12 months as compared to industry peers.
Finova has also earned Consumer Affairs prestigious partner accreditation and was named to the Fintech 100 list of the world’s leading financial technology innovators for its fair, affordable auto title loans, delivering a powerful alternative to the emergency cash lending marketplace with instant online pre-qualification, payment-against-principal with every payment, and a 12-month pathway back to financial health.
Additional images here.
About Finova Financial
Finova Financial is transforming the FinTech industry as a socially responsible online lender, providing fast, affordable emergency 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 $141 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