Unbanked

U.S. Treasury Department Recognizes INSIKT with CDFI Certification

Retrieved on: 
Wednesday, May 2, 2018
Economy, Finance, Money, Community development, Ethical banking, Microfinance, Community development financial institution, Underbanked, Unbanked, United States Department of the Treasury, Draft:DRI Fund, Community Development Financial Institutions Fund

SAN FRANCISCO, May 2, 2018 /PRNewswire/ --The US Treasury Department awarded the Community Development Financial Institution (CDFI) certification to Lendify, INSIKT's white label lending service.

Key Points: 
  • SAN FRANCISCO, May 2, 2018 /PRNewswire/ --The US Treasury Department awarded the Community Development Financial Institution (CDFI) certification to Lendify, INSIKT's white label lending service.
  • INSIKT is a mission-driven fintech company scaling to provide affordable, credit-building loans structured for repayment success to 66-million underbanked and unbanked consumers.
  • CDFI certification is federal recognition of INSIKT's product and mission to improve the lives and financial health of low-income households.
  • CDFI certification creates a new opportunity for INSIKT to partner with banks nationwide to invest in underserved communities.