Trustfolio has announced that it has been chosen by Reevo Money to help them manage their IVA portfolio.
Reevo Money, part of Amplifi Capita has agreed a partnership with Trustfolio to use its Creditor Debt Solutions Platform. The platform provides creditors with a single view of debt solutions portfolios, allowing them to securely automate manual administration, including IVAs. The flexible, user-friendly debt-tech enables simple and compliant management of debt solutions in-house 24/7.
Amplifi Capital’s services aim to revolutionise access to credit products for underserved households, ensuring affordable and inclusive financial solutions. Their latest launch, Reevo Money, specialises in providing affordable loans to customers who may be unable to access credit from high-street banks.
Lee Usher, who leads creditor services at Trustfolio, said “We are delighted to onboard Reevo Money. The business aligns with the ethos of Trustfolio, that everyone is entitled to financial empowerment through well-informed decisions.”
“Our Creditor Debt Solutions Platform is the only one in the market that delivers what it does. API-driven blockchain technology creates a user-friendly application for creditors. It enables seamless administration of the client’s whole portfolio of live consumer debt solutions in real time. This means they can work with their customers to ensure decisions and solutions are tailored to their needs”
Tobias Gruber at Amplifi Capital said “We’re delighted to work with Trustfolio to ensure the best, transparent outcomes for our Reevo Money customers. In 2021, IVAs accounted for almost three-quarters of insolvencies in the country, so clearly there is a growing need to ensure they’re managed as effectively as possible.”
“Utilising technology for secure and seamless digital communication is one of the ways we can protect the best interests of Reevo Money customers. It also enables us to benefit from efficiency savings internally.”