Strong Growth Momentum in Numbers of Consumers, Clients, and Total Assets Confirms Company’s Dominance in Consumer Lending Automation Technology
Santa Rosa, California – January 2020– CuneXus, a leader in consumer lending automation and pioneer of Perpetual Loan Approval™, continued its sharp upward growth trajectory in 2019 by surpassing the company’s record-setting 2018 across all key success metrics. Nearly 16 million consumers in every major United States market now have access to CuneXus’ 1-click lending technology, as the company added 24 new financial institution clients and 4.5 million new end-user consumers in 2019.
The 40 percent year-over-year (YOY) increase in consumer reach was just one of the impressive growth metrics for the company in 2019, including:
- More than 120 financial institutions now partner with CuneXus, a number that increased by nearly 25% YOY
- Client assets totaled $375 billion in 2019 up from $196 billion in 2018, a 91% increase
- More than half of CuneXus partners now hold more than $1 billion in assets
Leading financial service companies like Q2, Kasasa, ConnectFSS and Frost Financial joined the CuneXus network of integrations and partnerships, which includes MeridianLink, TCI, Harland Clarke, NCR, CUNA Mutual, Carvana and GrooveCar.
CuneXus also continued to receive major industry accolades in 2019, including being named the “Top Emerging Technology Company” at the renowned LendIt Fintech Industry Awards, and the winner for “Innovation in Lending” by Callahan & Associates and CreditUnions.com. In addition, the company hosted its third Client Symposium, enabling clients and vendor-partners to meet each other and the entire CuneXus team for an in-depth two-day learning opportunity.
CuneXus perpetual lending technology is enabling millions of U.S. consumers to meet their borrowing needs for autos, RVs, home equity and credit cards with unmatched speed and convenience. Newly introduced features allow financial institutions to grow non-interest income like GAP and Debt Protection at recorded rates as high as 68%. Looking to 2020, CuneXus is set to roll out its next wave of market-disrupting features which include deposit acquisition, real-time insurance quoting, and enhanced funnel tracking and data analysis, cementing the company’s position as the leader in the consumer lending automation technology space.
CuneXus is focused on data-driven perpetual lending solutions that help financial institutions optimize operational efficiency and customer experience. Its pioneering technologies are at the forefront of the transition to a new era of responsible on-demand lending and borrowing. With more than 120 of the nation’s largest credit unions and community banks as clients, CuneXus has generated tens of billions of dollars in consumer loan volume by bringing transparent borrowing experiences to 16 million consumers in every major U.S. market. Among its numerous accolades the company has been recognized as one of just ten startups to watch on KPMG’s global report of “The 50 Best Fintech Innovators;” was named the winner in the Callahan & Associates 2019 Innovation Series, and named “Top Emerging Technology Company” at the 2019 LendIt Fintech Industry Awards. Visit www.cunexus.com for more information.