Company:SuperMoney

From HandWiki
Short description: Online financial advice website and financial comparison platform
SuperMoney
SuperMoney logo.svg
Type of businessPrivate
Founded2013; 11 years ago (2013)
HeadquartersSanta Ana, California, United States
Founder(s)Miron Lulic
Key peopleMiron Lulic (CEO)
Websitesupermoney.com

SuperMoney is an online financial comparison platform that helps consumers evaluate financial services.[1] It is headquartered in Santa Ana, California .

History

SuperMoney was founded in 2013 by Miron Lulic and initially launched as a personal finance blog. The website's focus was transitioned to a Yelp-like model, to help users compare and review financial services.[1]

In April 2017, SuperMoney launched its personal loan offer engine / marketplace which helped consumers submit a loan application and get back pre-approved loan offers from integrated lending partners.[2]

In August 2017, SuperMoney launched an auto loan offer engine / marketplace that enabled consumers to have a similar experience for auto purchase and refinance loans.[3][4][5][6][7]

In November 2018, SuperMoney launched a student loan refinancing offer engine / marketplace to help consumers get competing transparent offers from lenders who want to refinance their student loan debt.[8][9][10]

In August 2021, Inc. Magazine announced SuperMoney placed #1706 on the 2021 Inc 5000 list of fastest growing private companies in America. [11] In August 2022, Inc. Magazine announced SuperMoney placed #1936 on the 2022 Inc 5000 list of fastest growing private companies in America. [12]

Products and Services

SuperMoney Comparison Site

SuperMoney is not a direct supplier of financial services; it is instead a comparison platform. The company's goal is to provide a transparent data source for financial product information that helps consumers make informed financial decisions.[13][14] Its comparison tools provide information on credit card selection, college loans, banking, mortgage loans, personal loans, auto loans, business loans, stock trading, insurance policies, and other financial services.[1][15]

SuperMoney leverages its data to publish financial service industry studies that have been cited by media outlets such as CNBC ,[16][17][18] Business Insider,[19][20][21][22][23] Forbes ,[24][25] Fox News[26] and Reader's Digest.[27]

SuperMoney Loan Offer Engine

SuperMoney launched its loan offer engine in 2017 and in 2018 announced it had processed over one billion dollars worth of financing requests.[28][29][30] Less than a year later the firm announced it had doubled that volume to $2 billion worth[31][32] and then to $5 billion within two years of that.[33] The SuperMoney loan offer engine allows a consumer to fill out a financing request which is forwarded to matching lending partners, who return pre-approved offers in real time.[34][35]

SuperMoney Point of Sale Lending Platform

SuperMoney launched its "No Fee Financing Platform" point of sale financing solution for small businesses in May 2018. The platform makes point of sale financing, in the form of point of sale loans,[36] available to merchants and service providers across all industries including home improvement, health, and specialty retail.[37] The platform is offered to merchants at no cost.[38] SuperMoney generates revenue through its lending partners instead of charging merchants a discount rate fee to use the service.[39][40]

References

  1. ↑ 1.0 1.1 1.2 Taylor, Allen (2018-02-22). "SuperMoney wants to be a financial market" (in en-US). https://lending-times.com/2018/02/22/loan-supermarket-taking-on-lendingtree/. 
  2. ↑ Penn, David (2017-05-30). "SuperMoney Brings a Kayak-Like UX to the Online Borrowing Process" (in en-US). Finovate. http://finovate.com/supermoney-brings-kayak-like-ux-online-borrowing-process/. 
  3. ↑ Moreno, Denisse (2017-08-19). "New Online Platform Aims To Help Car Loan Borrowers Negotiate Better". International Business Times. http://www.ibtimes.com/new-online-platform-aims-help-car-loan-borrowers-negotiate-better-2580452. 
  4. ↑ Zulovich, Nick (2017-08-23). "UPDATED: 70 finance companies already listed with SuperMoney's new platform" (in en). SubPrime. https://www.autoremarketing.com/subprime/70-finance-companies-already-involved-supermoney%E2%80%99s-new-platform. 
  5. ↑ Hoffman, William (2017-08-22). "Fintech Startup Pursues Captive Partners for Loan Engine" (in en-US). Auto Finance News. https://www.autofinancenews.net/fintech-startup-pursues-captive-partners-for-loan-engine/. 
  6. ↑ Hoffman, William (2017-08-16). "SuperMoney's Direct Auto Aggregator Spotlights Full Cost of Interest Rates" (in en-US). Auto Finance News. https://www.autofinancenews.net/supermoneys-direct-auto-aggregator-spotlights-full-cost-of-interest-rates/. 
  7. ↑ Penn, David (2017-08-21). "SuperMoney Launches Auto Loan Offer Engine" (in en-US). Finovate. http://finovate.com/supermoney-launches-auto-loan-offer-engine/. 
  8. ↑ Muhn, Julie (2018-11-16). "SuperMoney Launches Student Loan Refinancing Marketplace" (in en-US). Finovate. https://finovate.com/supermoney-launches-student-loan-refinancing-marketplace/. 
  9. ↑ Lulic, Miron (2018-11-14). "SuperMoney Launches Student Loan Refinance Marketplace" (in en-US). SuperMoney. https://www.supermoney.com/2018/11/supermoney-student-loan-refinance-marketplace/. 
  10. ↑ Wolinsky, Jacob (2019-08-14). "The Future Of Lender Credit Models With SuperMoney" (in en-US). SuperMoney. https://www.valuewalk.com/2019/08/lender-credit-models-supermoney-ceo/. 
  11. ↑ "Inc. 5000 SuperMoney" (in en-US). SuperMoney. 2021-08-17. https://www.inc.com/profile/supermoney. 
  12. ↑ "Inc. 5000 SuperMoney" (in en-US). SuperMoney. 2022-08-15. https://www.inc.com/profile/supermoney. 
  13. ↑ Wolinsky, Jacob (2018-06-03). "A Look At The Private Lending Markets". Value Walk. https://www.valuewalk.com/2019/06/supermoney-loan-offer-engine/. 
  14. ↑ "The Top Three Common Money Mistakes to Avoid in Your 30's". Cheddar. 2019-11-06. https://cheddar.com/media/the-top-three-common-money-mistakes-to-avoid-in-your-s. 
  15. ↑ Latham, Andrew (2017-08-21). "When Is It a Good Idea for a Contractor to Consider a Business Loan?" (in en-US). Retrofit Magazine. https://www.retrofitmagazine.com/when-is-it-a-good-idea-for-a-contractor-to-consider-a-business-loan/. 
  16. ↑ Blumberg, Jonathan (2018-05-01). "The US states with the highest and lowest average credit card balances". CNBC. https://www.cnbc.com/2018/05/01/these-states-have-the-highest-and-lowest-credit-card-balances.html. 
  17. ↑ Martin, Emmie (2019-06-28). "83% of non-homeowners say student loans are the reason they can't afford to buy". CNBC. https://www.cnbc.com/2019/06/28/83-percent-of-non-homeowners-say-student-loans-are-the-reason-they-cant-afford-to-buy.html. 
  18. ↑ Dickler, Jessica (2019-09-14). "Here's how long it takes to improve your credit score". CNBC. https://www.cnbc.com/2019/09/14/heres-how-long-it-takes-to-improve-your-credit-score.html. 
  19. ↑ Hoffower, Hillary (2019-09-12). "Nearly half of millennials said the biggest mistake they made with student loans is thinking their starting salaries would cover their monthly payments, a new study shows". Business Insider. https://www.businessinsider.com/millennials-overestimate-starting-salary-cant-pay-student-loan-debt-2019-9. 
  20. ↑ Hoffower, Hillary (2019-09-12). "Income for young adults has grown by just $29 since 1974 — nowhere close to keeping up with skyrocketing housing costs and the crushing size of student-loan debt". Business Insider. https://www.businessinsider.com/income-increase-young-adults-less-than-housing-tuition-costs-2019-9. 
  21. ↑ Hoffower, Hillary (2019-11-18). "8 life events millennials are putting off longer than their parents because they can't afford it". Business Insider. https://www.businessinsider.com/millennials-delaying-more-life-events-baby-boomers-money-concerns-2019-11. 
  22. ↑ Hoffower, Hillary (2019-12-18). "American millennials may be behind financially, but one chart indicates that Gex X could be in for an even more brutal awakening when it comes to their wealth". Business Insider. https://www.businessinsider.com/baby-boomers-wealth-rises-millennials-and-gen-x-decreases-2019-12. 
  23. ↑ Hoffower, Hillary (2020-02-25). "The typical US worker can no longer afford a family on a year's salary, showing the dire state of America's middle class". Business Insider. https://www.businessinsider.com/america-middle-class-living-expenses-family-of-four-2020-2. 
  24. ↑ Wasik, John (2017-12-15). "The Best Way To Avoid Getting Buried By Debt" (in en). Forbes. https://www.forbes.com/sites/johnwasik/2017/12/15/the-best-way-to-avoid-getting-buried-by-debt/#79099e147942. 
  25. ↑ Paris, Ellen (2018-06-03). "Important Mortgage Tips For First-Time Buyers". Forbes. https://www.forbes.com/sites/ellenparis/2019/05/31/important-mortgage-tips-for-first-time-buyers/. 
  26. ↑ Wallace, Danielle (2020-02-05). "What is millennial socialism?". Fox News. https://www.foxnews.com/us/millenial-socialism-bernie-sanders-ocasio-cortez-aoc. 
  27. ↑ Donvito, Tina (2019-10-29). "20 Things You're Probably Blaming on Millennials—But Shouldn't". Reader's Digest. https://www.rd.com/culture/things-youre-blaming-on-millennials/. 
  28. ↑ Hurst, Samantha (2018-10-18). "SuperMoney Milestone: Surpasses $1 Billion in Financing Requests" (in en-US). Crowdfund Insider. https://www.crowdfundinsider.com/2018/10/140271-supermoney-milestone-surpasses-1-billion-in-financing-requests/. 
  29. ↑ Hurst, Samantha (2018-03-23). "SuperMoney Milestone: Fintech Startup Exceeds $500 Million in Loan Applications Processed" (in en-US). Crowdfund Insider. https://www.crowdfundinsider.com/2018/03/130796-supermoney-milestone-fintech-startup-exceeds-500-million-in-loan-applications-processed/. 
  30. ↑ Newswire (2018-03-21). "SuperMoney Exceeds Half a Billion Dollars in Loan Applications Processed Since Launch". Markets Insider. http://markets.businessinsider.com/news/stocks/supermoney-exceeds-half-a-billion-dollars-in-loan-applications-processed-since-launch-1018994091. 
  31. ↑ PYMNTS (2019-08-12). "FinServ Matchmaker SuperMoney Tops $2B In Loan Requests". PYMNTS. https://www.pymnts.com/news/alternative-financial-services/2019/matchmaking-2-billion-in-loans-from-a-finserv-review-site/. 
  32. ↑ Hurst, Samantha (2019-08-12). "SuperMoney Milestone: Fintech Startup Surpasses $2 Billion in Loan Requests". PYMNTS. https://www.crowdfundinsider.com/2019/08/150480-supermoney-milestone-fintech-startup-surpasses-2-billion-in-loan-requests/. 
  33. ↑ Benzinga (2021-05-04). "SuperMoney Surpasses $5 Billion in Loan Requests with Transparent Access to Financing". Benzinga. https://www.benzinga.com/pressreleases/21/05/p20933279/supermoney-surpasses-5-billion-in-loan-requests-with-transparent-access-to-financing. 
  34. ↑ Lulic (2018-04-20). "How Is Fintech Emerging To Provide More Transparency For Consumers?". Value Walk. https://www.valuewalk.com/2018/04/fintech-emerging-provide-transparency-consumers/. 
  35. ↑ Munk (2020-05-01). "Mistakes to Avoid When Refinancing Student Loans". Wall Street Journal. https://www.wsj.com/articles/mistakes-to-avoid-when-refinancing-student-loans-11588364571. 
  36. ↑ Davis, Julie (2018-06-29). "Faster Payment with Point of Sale Loans" (in en-US). Fuel. https://fuel.exaktime.com/bank-on-it/a-way-to-faster-payment-point-of-sale-loans/. 
  37. ↑ Hurst, Samantha (2018-05-08). "SuperMoney Debuts Point of Sale Financing Platform For Small Business Growth" (in en-US). Crowdfund Insider. https://www.crowdfundinsider.com/2018/05/133116-supermoney-debuts-point-of-sale-financing-platform-for-small-business-growth/. 
  38. ↑ Harrison, Kate (2018-09-18). "Should Your Business Offer Point-Of-Sale Financing?" (in en-US). Forbes. https://www.forbes.com/sites/kateharrison/2018/09/18/should-your-business-offer-point-of-sale-financing/#1e7537953b3d. 
  39. ↑ Hernandez, Pedro (2018-06-23). "SuperMoney Launches Point-of-Sale Financing Service for SMBs" (in en-US). Small Business Computing. https://www.smallbusinesscomputing.com/biztools/supermoney-launches-point-of-sale-financing-service-for-smbs.html. 
  40. ↑ "SUPERMONEY LAUNCHES UNPRECEDENTED POINT OF SALE FINANCING PLATFORM" (in en). Concrete Homes Magazine. 2018-06-26. http://concretehomesmagazine.com/supermoney-launches-pos-financing-platform/. 

External links

See also



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