CU 2.0 sponsor
Quilo is an AI-powered digital lending platform that empowers credit unions to originate, fund, and service personal loans for members, instantly. It also helps SMBs offer financing at point of sale.
There are a few things that we love about Quilo and what they’re doing. For example:
- Quilo’s personal installment loans are flexible. Quilo addresses each use case listed above, including BNPL, credit card repayment, and account replenishment.
- Quilo is core agnostic. Integrating with many cores is good, but not needing the core at all is great. This should limit future IT headaches.
- Quilo is remarkably fast and easy to use. We tried it (several times). Each time, we breezed through the process in a minute, tops.
- Quilo extends to business account members. Quilo may help to acquire and support small business accounts by enabling to offer customers instant financing at point of sale.
Quilo has found a model that goes beyond BNPL to offer something more far-reaching. In a world of self-service and digital-first banking, that’s a welcome differentiator.