Digital payment solutions company Thredd has teamed up with lending and credit platform LoanPro this week. The UK-based company will leverage LoanPro’s credit platform to underpin its new suite of credit solutions, which will allow it to deliver full-stack embedded issuing and processing capabilities.
Thredd was founded in 2007 and offers real-time card issuing and processing capabilities to help clients personalize and differentiate their credit offerings. Integrating LoanPro’s composable credit infrastructure into its offerings will help Thredd expand further into the credit and lending space, enabling clients to launch and manage credit programs with greater flexibility and speed.
Commenting on the partnership, Thredd CEO Jim McCarthy emphasized the growing importance of credit-led innovation in embedded finance. “Credit-based value propositions drive not only more opportunities for both B2B and B2C verticals, but also generate more revenue for issuers, fintechs, and enterprises,” said McCarthy. “LoanPro’s platform solves much of the inherent complexity in providing truly differentiated credit, allowing us to offer our clients the tools to build sticky, profitable credit products, while maintaining compliance and operational efficiency.”
Founded in 2016, LoanPro has helped 600+ lenders launch 2,000 unique credit programs, upgrading their borrower, agent, and back-office operations. The Utah-based company’s composable architecture, built on a modern lending core, allows lenders to enhance their origination, servicing, payments, and collections operations.
LoanPro Co-Founder and CEO Rhett Roberts said that the partnership combines the strengths of both companies to accelerate how credit products are designed and deployed. “There is a massive opportunity to launch credit products in the U.S. and globally in a way that truly meets consumers and businesses where they are,” Roberts said. “The future of finance is personalized. Thredd brings together the entire ecosystem needed to launch revolving credit products, and with LoanPro’s modern, composable platform, clients can personalize and differentiate their offerings at scale in a way that drives share of wallet. We’re proud to support Thredd’s vision for global credit innovation.”
The partnership highlights how embedded finance providers are converging around full-stack, credit-enabled platforms. As banks, non-banks, and fintechs continue to embed lending and credit capabilities into their platforms, partnerships like this one blur the lines between payment processing, issuing, and credit management. Teaming up with LoanPro will place Thredd at the intersection of modern card issuing and next-generation credit infrastructure.
LoanPro has participated in our developers conference, FinDEVr 2021, and demoed its loan management system at FinovateSpring 2021.