FinovateSpring 2022 / Solve Finance

Presenter Profile:

How they describe themselves: Solve Finance automates borrowing solutions. We offer transparent, unbiased advice on all debt types. Solve helps lenders decrease denials by providing actionable recommendations to their users on ways to improve their debt-to-income ratio, pre- or post-denial. Shopping, refinancing, and access to home finance is complicated, and a source of persistent inequality in the US.

How they describe their product/innovation: Solve Finance will be demoing our new Debt Optimizer product. Our borrowing engine combines real time price transparency and enriched credit data with financial intelligence. The Debt Optimizer evaluates all existing debts including student loans, credit cards, mortgages, and auto loans. The product performs optimizations to provide clear actionable recommendations (we can even apply for borrowers within our app) to minimize the monthly cost of debts. This product can be used as a pre- or post- loan denial tool, or as a value-add tool to new users contemplating home purchase.

Product distribution strategy: Direct to Business (B2B), Through financial institutions, Through other fintech companies and platforms

Contacts:

Bus. Dev. & Press: Sean Hundtofte, CEO & Co-Founder


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