From GlobeNewswire: 2025-04-02 06:00:00

FI Connect, a subsidiary of Origence, funded $1 billion in Tesla purchases in its first year, enabling embedded financing opportunities for 34 credit unions and creating 23,833 new members through 24,839 total loans. The company plans to expand to other retailers in 2025. – 50 words

FI Connect collaborated with Tesla to provide credit union financing options to EV buyers, offering competitive rates and flexible terms at the point of purchase. The platform is live in 29 states, providing loans up to 84-month terms and expedited funding. FI Connect competes with national banks by offering low rates. – 50 words

In 2024, Origence partnered with Catalyst for real-time payment capabilities through the FedNow® Service, enabling instant loan funding. FI Connect implemented Customer Identification and Know Your Customer solutions to enhance compliance and customer identity verification accuracy. The company aims to expand retail and credit union partnerships in 2025. – 50 words

FI Connect, focusing on expanding its partnerships, funded $1 billion in Tesla purchases and plans to offer financing in new asset classes. The company aims to provide more credit unions access to embedded financing opportunities in the market. FI Connect connects borrowers, retailers, and credit unions for convenient financing at the point of sale. – 50 words



Read more at GlobeNewswire:: FI CONNECT FUNDS $1 BILLION IN LOANS ITS INAUGURAL YEAR