LoanPro, a lending and credit platform, has announced a partnership with KOHO, one of Canada’s leading financial technology companies, to enable innovative new products for KOHO’s members. LoanPro’s API-first platform will serve as a core part of the infrastructure behind these offerings, giving KOHO the flexibility to design, launch and scale new products on its own terms.
KOHO will continue to own the member experience in its mobile app and the design of its products. LoanPro will support the underlying billing, servicing and reporting, so KOHO’s team can focus on what its members see and use.
“At KOHO, we’re building fundamentally different products that help Canadians make real financial progress, and that requires infrastructure that moves as fast as we do,” said Rusen Baragiola, Chief Product Officer, KOHO. “We chose LoanPro for the flexibility to bring new products to market quickly and responsibly.”
The Canadian market has its own requirements, including provincial rules such as those in Québec. LoanPro’s configurable platform gives KOHO room to tailor its products to the Canadian market and the rules that apply to its members.
“KOHO has earned the trust of millions of Canadians by making money simpler, and we are proud to be the foundation behind what they build next,” said Rhett Roberts, CEO and co-founder of LoanPro. “Our job is to give KOHO a modern, configurable platform so its team can move quickly on new products, including meeting the Canadian requirements that make this market distinct.”
LoanPro’s platform is built for lenders, financial institutions and fintechs that want to launch and service new financial products without being held back by a rigid core. Organizations interested in building on LoanPro can learn more at loanpro.io.
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Tags: credit, lending, loanpro, Small Business, Technology
