Homepeer to peer lendingPlend partners with Lendology to improve financial inclusion

Plend partners with Lendology to improve financial inclusion

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Peer-to-peer lending platform Plend has partnered with ethical lender Lendology to improve financial inclusion for homeowners across the South West of England.

The partnership will see Lendology use the open-banking powered Plend Score to serve more people and ensure fairer lending outcomes.

“We’re committed to ensuring that as many people UK-wide are provided with affordable access to credit,” said Robert Pasco, chief executive at Plend.

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“Identifying the great work that Lendology has done over the years, it was a no-brainer to partner with them, allowing them to use our open banking technology to make smarter lending decisions that ensure inclusion.”

Lendology is a social enterprise which works to “disrupt traditional lending with decisions powered by partnerships and people”. Funded by local council partners, it provides access to low cost, responsible finance and puts impact before profit.

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“Open banking is a huge asset to consumers and lenders, but we know that auto-decision making can lead to financial exclusion,” said Emma Lower, chief executive at Lendology.

“At Lendology, we pride ourselves on making all of our lending decisions with people, for people and yet, open banking has a huge part to play in enabling those decisions.

“We are looking forward to working with the team at Plend to support the development on the Plend Score and the open banking platform, using our lending expertise to ensure everyone has access to fair and responsible finance.”

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