Thredd, the leading next-generation global payments processor, today announced its selection of Loan Pro, the modern credit platform, to underpin Thredd’s new suite of credit solutions for fintechs and financial organizations. The partnership marks a significant milestone in Thredd’s strategy to deliver full-stack embedded issuing and processing capabilities, inclusive of credit, debit, and prepaid.
By integrating Loan Pro’s advanced, composable credit infrastructure with Thredd’s next-gen real-time card issuance and processing capabilities, including digital wallets and embedded fraud detection, clients will be able to design, launch, and scale differentiated credit products with unprecedented speed and personalization. The collaboration leverages Loan Pro’s category-leading expertise in powering innovative credit programs for leading financial organizations, while reinforcing Thredd’s position as a platform-first global player.
“Credit-based value propositions drive not only more opportunities for both B2B and B2C verticals, but also generate more revenue for issuers, fintechs and enterprises,” said Jim McCarthy, CEO at Thredd. “Loan Pro’s platform solves much of the inherent complexity in providing truly differentiated credit, allowing us to offer our clients the tools to build sticky, profitable credit products, while maintaining compliance and operational efficiency.”
Rhett Roberts, Co-Founder & CEO at Loan Pro, added: “There is a massive opportunity to launch credit products in the U.S. and globally in a way that truly meets consumers and businesses where they are. The future of finance is personalized. Thredd brings together the entire ecosystem needed to launch revolving credit products, and with Loan Pro’s modern, composable platform, clients can personalise and differentiate their offerings at scale in a way that drive share of wallet. We’re proud to support Thredd’s vision for global credit innovation.”
The partnership was announced at Money20/20 in Las Vegas, where Thredd and Loan Pro showcased their joint capabilities to industry leaders. The collaboration is set to accelerate the deployment of modern credit solutions across multiple geographies, supporting Thredd’s clients as they expand and evolve their product offerings.
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