FinovateSpring 2018 / Kasasa
Presenter Profile:
How they describe themselves: Kasasa is an award-winning financial technology and marketing technology provider that helps more than 800 community financial institutions establish long lasting relationships with millions of consumers through its branded retail products and marketing automation capabilities. Over the past 14 years, the company has reinvented the entire retail deposit category, and is now reinventing lending through its latest patent-pending offering, Kasasa Loans®. Through innovative products, a national consumer brand, and turnkey solutions and support, Kasasa helps local banks and credit unions compete for their rightful share of the market against the largest banks and digital bank competitors.
How they describe their product/innovation: The Kasasa Loan® is the only loan that lets borrowers pay ahead to reduce debt, and take that extra money back if they need it (we call it a take-back®). Kasasa Loans feature a mobile app that allows borrowers to manage their debt and access take-backs instantly. Kasasa Loans give consumers control of their debt, making the Kasasa Loan the first loan truly developed with the consumer in mind. Kasasa Loans was launched in beta in late 2017, and is now available for banks and credit unions to offer to their consumers.
Product distribution strategy: Through financial institutions
Contacts
Bus. Dev.: John Waupsh, Chief Innovation Officer, john.waupsh@kasasa.com, 512-349-4380
Press: Mallory Wilkerson, Account Associate, William Mills Agency, mwilkerson@williammills.com, 678-781-3076
Sales: Mike Davis, Chief Sales Officer, mike.davis@kasasa.com, 512-349-4426
Website: kasasa.com
LinkedIn: linkedin.com/company/213164
Twitter: @Kasasa
HQ: Austin, TX
Founded: December 2004
Product Demoed: Kasasa Loans®
Metrics: 393 full-time employees as of February 2, 2018, more than 800 community financial institution clients, $2.2B in rewards paid out to consumers, $923M in non-interest income generated for Kasasa clients.
Presenters: Gabe Krajicek (CEO), Chris Cohen (Director of Product Management), Ben Morrison (Product Manager, Consumer Applications)
- Key Executives
John Kish (Chairman), Gabriel (Gabe) Krajicek (CEO), Keith Brannan (CMO), Pradeep Ittycheria (CTO), John Waupsh (Chief Innovation Officer)
Key Stats
- Key Customers
Of all the banks and credit unions in America, only four have a broader retail distribution of their accounts than Kasasa. With more than 800 community financial institution clients, Kasasa has 4,180 branches across all 50 states and more than 2.8 million accounts. Kasasa’s free rewards checking accounts, proven to be preferred by consumers, have paid out more than $2 billion in rewards to Kasasa financial institution account holders and members. If all of the Kasasa community financial institutions were combined, they would be the fifth largest banking branch network in the United States.