Partnership delivers seamless, one-click loan protection coverage directly within the VIVA lending experience — offering borrowers peace of mind without added friction
VIVA Finance (“VIVA”), one of the nation’s fastest-growing employment-based lending platforms, today announced a partnership with Walnut, a leading North American provider of embedded insurance technology, and Securian Financial, a leading provider of payment protection solutions, to deliver embedded loan protection coverage to VIVA’s borrowers. The collaboration combines FlexTech™ technology provided by Walnut, Securian Financial’s underwriting expertise and VIVA’s mobile-first lending platform to offer borrowers access to debt protection coverage at the moment of loan origination — with a single click.
Through the partnership, VIVA borrowers will be offered loan protection administered by Securian Financial’s insurance company subsidiaries — covering scenarios such as disability and involuntary unemployment — as a seamless, optional part of their borrowing experience. FlexTech powers the behind-the-scenes quoting, enrollment, billing and contract management via Walnut’s API-based platform.
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Bringing Much-Needed Protection to Underserved Borrowers
VIVA serves a segment of the American workforce that traditional financial institutions have long overlooked: hardworking employees who may not have strong credit histories but demonstrate stable employment. For these borrowers, an unexpected life event — a disability, job loss or the death of a family member — can turn a manageable loan into a serious financial hardship. Embedded loan protection provides a critical safety net, helping ensure that covered borrowers and their families are not left carrying debt during the most difficult moments of their lives.
“We know that for the essential workers we serve, financial stability is top of mind. This partnership with Walnut allows us to offer our customers true peace of mind at the click of a button. By protecting our borrowers against the financial impact of involuntary unemployment or disability, we’re helping to ensure that a temporary life event doesn’t throw our customers out of financial equilibrium. We are excited to partner with Walnut and Securian Financial to bring this loan protection to our customers,” said Jack Markwalter, Co-Founder & CEO, VIVA Finance.
“We are thrilled to help bring much-needed protection to VIVA’s borrowers, with a loan protection product fully integrated into their incredible consumer experience,” said Derek Szeto, Co-Founder and CEO, Walnut. “VIVA is doing transformative work in expanding access to affordable credit for millions of Americans, and we’re proud to ensure those borrowers have access to meaningful protection at the moment it matters most.”
A Seamless Experience, Powered by Technology
FlexTech integrates directly into VIVA’s existing loan origination flow via a headless API architecture. This means borrowers see a fully VIVA-branded experience — with no redirects, no separate applications and no added friction. At the point of loan approval, borrowers are presented with a clear, optional offer for loan protection coverage. Cost of coverage is calculated in real time based on the borrower’s specific loan attributes, and enrollment is completed in a single step.
For VIVA, the integration also creates a new source of non-interest revenue while simultaneously helping to reduce delinquency risk across its loan portfolio — a meaningful benefit as the company continues to scale its lending platform and employer partnership network.
Securian Financial, the sixth largest life insurance company in the U.S.1 and a provider of payment protection products2 to more than 6,000 lenders, financial institutions and associations throughout North America, will administer the loan payment protection product.
“We are excited to bring our FlexTech solution to VIVA Finance’s personal loan customers,” said Dave Seidel, Securian Financial Senior Vice President and Head of Affinity Solutions-U.S. “Loan payment protection is an important tool that protects the financial well-being of borrowers should the unexpected happen.”
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