Strategic capital partnership supports the continued national expansion of Oliv’s technology-enabled consumer lending platform
Oliv Financial, a technology-enabled consumer lending platform expanding responsible access to credit, announced a long-term forward-flow agreement with a multibillion-dollar international bank, creating a long-term funding framework for the purchase of eligible consumer loans originated through Oliv’s platform.
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The forward-flow loan purchase program will support Oliv’s continued platform growth and national rollout by expanding access to responsible credit for consumers who may be underserved by traditional lending approaches. The banking partner will fund up to $500 million in loan purchases through scalable capital infrastructure designed to support future loan originations by Oliv.
“We founded Oliv with the belief that better data and better technology can expand responsible access to credit,” said Eric Brown, Co-Founder of Oliv. “This partnership enables us to combine our technology-enabled underwriting platform with long-term institutional capital to responsibly reach more consumers as we scale.”
Edge Focus, a firm that delivers technology, capital, and access to consumer credit, will support the forward-flow program through Origin, its underwriting platform. Origin serves as the credit intelligence layer within Oliv’s lending operation, combining traditional credit data, cash-flow analytics, alternative data and proprietary risk models to improve credit decisions, enhance risk segmentation and responsibly expand access to credit.
Loans issued through the capital partnership will be monitored using Edge Focus’ Lens platform, which provides portfolio analytics, investor reporting and transparency capabilities that support institutional investment in consumer credit assets.
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