Freedom Finance extends partnership with Koyo

Freedom Finance has announced that it has extended its relationship with Koyo.

The new agreement will mean that customers declined for loans from Koyo will automatically be able to connect to Freedom Finance’s proprietary matching marketplace. The integration will link up declined customers to a panel containing over 100 of the UK’s leading lenders and service providers, to ensure borrowers are able to apply successfully for products they are eligible for and that suit their circumstances.

The future API connectivity will ensure that customers moving onto Freedom Finance’s platform from the original lenders will not have to re-enter information to access the marketplace, smoothing the customer journey and giving them the best possible user experience.

Michael Davidson, Chief Revenue Officer at Freedom Finance, said “Improving access to credit through a broad variety of products is core to Freedom Finance’s purpose. The financial services industry as a whole is delivering increasingly bespoke solutions and our proprietary matching platform is at the heart of this direction of travel in the lending market.”

“Deepening this partnership with Koyo ensures that customers struggling to find loans will be able to search across a wide range of reputable lenders, for products that are right for their circumstances and safe in the knowledge that any application they make will be successful.”

Peter Kent, Chief Marketing Officer at Koyo said “We are committed to supporting our consumers throughout their loan application journeys and that includes those who are unsuccessful in their applications with us. Supporting them via a seamless connection with Freedom Finance’s marketplace is a great way to ensure they have the best possible opportunity to secure a suitable product and guarantee a positive user experience.”

“In maintaining our strong relationship with Freedom Finance, we continue to enhance, and streamline the lending market in order to put the consumer first.”