Unicaja Banco loans are in with Fintonic app
Spanish personal finance platform Fintonic will be now offering Unicaja Banco’s consumer loans through its mobile application.
The app is free and currently has more than half a million users in Spain.
It uses a FinScore index, which evaluates the credit profile of both clients and non-clients, and offers them the possibility of obtaining financing, without the need to carry out any further procedure and from any mobile device.
This partnership is Unicaja’s first with a fintech and aims to formalise the entire flow of contracting the loan from an external platform or marketplace.
Fintonic’s loans have processed credits to more than 15,000 users, with a total volume exceeding €60 million.
Just last summer, BBVA joined Fintonic’s lending offering.
Unicaja is the seventh bank by market capitalisation in Spain. It is currently working in the implementation of blockchain solutions, within the Niuron Consortium.