QCash Financial and Inclusiv solidify fintech lending partnership
Partnership offers increased access to affordable credit in low-income communities
OLYMPIA, WA (May 3, 2022) — QCash Financial and Inclusiv have announced a partnership to make it easier for Inclusiv’s network of over 450 community development credit unions (CDCUs) to offer safe and affordable small dollar loans. The QCash technology facilitates life event, specialty, and emergency response lending that uses relational data rather than credit score or credit report for underwriting and provides small dollar loan funding in under 60 seconds.
“We are proud to partner with QCash to bring their small dollar lending technology to our network. QCash’s platform can significantly reduce friction in the lending process and will allow more of our CDCUs to offer safe and affordable small dollar loans to their members,” says Cathie Mahon, President and CEO of Inclusiv. “By using QCash, CDCUs will be able to take on predatory lenders in their communities and help improve the financial health of CDCU members.”
“QCash is very excited to be collaborating with Inclusiv,” says Seth Brickman, QCash Financial CEO. “This partnership represents an opportunity for QCash to reach the CDFI communities that really need help for life’s unexpected events.
QCash life event loans are an easy-to-implement solution that provides credit unions another way to practice financial inclusion, serve the underbanked, and allow credit unions to say “yes” more often since it uses QCash’s patented relational underwriting rather than traditional credit scores.
This partnership was established through Inclusiv/Technology, an initiative that partners with mission-aligned fintech providers to develop, test, and scale innovative products and services that enable CDCUs to deliver efficient and measurable high-impact financial services and products.
About QCash Financial CUSO
QCash Financial, headquartered in Olympia, WA, is a purpose-driven fintech firm with a mission of empowering financial institutions in their quest to improve the financial well-being of their communities. The QCash platform is the best tool for advancing financial inclusion and access for credit union members.
At Inclusiv, we believe that true financial inclusion and empowerment is a fundamental right. We dedicate ourselves to closing the gaps and removing barriers to financial opportunities for people living in distressed and underserved communities. Inclusiv is a certified CDFI intermediary that transforms local progress into lasting national change. We provide capital, make connections, build capacity, develop innovative products and services and advocate for our member community development credit unions (CDCUs). Inclusiv members serve over 15 million residents of low-income urban, rural and reservation-based communities across the US and hold over $228 billion in community-controlled assets. Founded in 1974, Inclusiv is headquartered in New York, NY, with offices in Madison, WI. For more information about Inclusiv visit us at Inclusiv.org and connect with us on Facebook, LinkedIn and Twitter.