Braviant Holdings Launches Partnership with Nonprofit SaverLife by EARN to Help Customers Build Savings
October 15 2019 - 8:00PM
Business Wire
Partnership will Explore the Impact of Gamification and Prizes
on Savings Behavior
Braviant Holdings, a leading provider of tech-enabled credit
products and services for underbanked consumers, announced today
that it has partnered with SaverLife by EARN, a national nonprofit
that helps working families achieve prosperity through savings, to
offer SaverLife to its customers.
The SaverLife platform is a free resource to help the 78% of
Americans who are living paycheck to paycheck take control of their
finances and establish better saving habits. SaverLife provides a
variety of free resources ranging from digital financial coaching
to cash prizes for members who set aside as little as $5 per week
in savings. Braviant is sponsoring additional cash prizes above and
beyond those offered by SaverLife to further incentivize positive
savings behavior.
“As a lender serving the more than 50 million underbanked
consumers who have been left behind by the big banks, we are
acutely aware that the vast majority of Americans lack a savings
cushion to smooth volatile income or cover an unexpected expense,”
said Stephanie Klein, Chairman and CEO of Braviant. “In addition to
providing better credit solutions for this deserving but often
overlooked population, we are committed to helping our customers
overcome the root causes of their financial instability. As we work
to help borrowers with less-than-perfect credit graduate to lower
rates over time on our Path to Prime, we cannot ignore America’s
savings crisis as a primary driver of financial stress. Our
partnership with SaverLife by EARN is a huge step forward toward
helping our customers not only break through credit barriers, but
also build better savings habits to secure a brighter future.”
“As a nonprofit, we are encouraged to see Braviant proactively
address saving as a way to bring their customers out of debt,” said
Leigh Phillips, CEO of SaverLife by EARN. “Adding opportunities to
save is an important step toward addressing the areas in which
consumers struggle financially. This partnership allows us to reach
thousands of individuals and encourage them to begin or renew a
savings habit.”
About Braviant Holdings:
Braviant is a leading provider of online credit products and
services for underbanked consumers. Our next-generation approach to
lending combines breakthrough technology and machine learning to
transform how people access credit online. Braviant's growing suite
of financial products look beyond a traditional credit score to
help deserving consumers achieve better financial outcomes as they
embark on a Path to Prime®. Braviant currently offers its products
through two brands, Chorus Credit and Balance Credit. To learn more
about Braviant’s vision of A World without Credit Barriers and view
open positions, visit braviant.com.
About SaverLife by EARN:
SaverLife by EARN is a nonprofit on a mission — to inspire,
inform, and reward the millions of Americans who need help saving
money. Through engaging technologies and strategic partnerships, we
give working people the methods and motivation to take control of
their financial future.
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version on businesswire.com: https://www.businesswire.com/news/home/20191015006178/en/
Stephanie Klein media@braviantholdings.com