SuperMoney
{{short description|Online financial advice website and financial comparison platform}}
{{Infobox dot-com company
| logo = SuperMoney logo.svg
| logo_size = 250px
| name = SuperMoney
| company_type = Private
| foundation = {{Start date and age|2013}}
| founder = Miron Lulic
| location = Santa Ana, California, United States
| key_people = Miron Lulic (CEO)
| homepage = [https://www.supermoney.com supermoney.com]
}}
SuperMoney is an online financial comparison platform that helps consumers evaluate financial services.{{Cite web|url=https://lending-times.com/2018/02/22/loan-supermarket-taking-on-lendingtree/|title=SuperMoney wants to be a financial market|last=Taylor|first=Allen|date=2018-02-22|website=Lending Times|language=en-US|access-date=2018-04-16}} It is headquartered in Santa Ana, California.
History
SuperMoney was founded in 2013 by Miron Lulic and initially launched as a personal finance blog. The website's focus was transitioned to a Yelp-like model, to help users compare and review financial services.
In April 2017, SuperMoney launched its personal loan offer engine / marketplace which helped consumers submit a loan application and get back pre-approved loan offers from integrated lending partners.{{Cite news|url=http://finovate.com/supermoney-brings-kayak-like-ux-online-borrowing-process/|title=SuperMoney Brings a Kayak-Like UX to the Online Borrowing Process|last=Penn|first=David|date=2017-05-30|work=Finovate|access-date=2018-04-16|language=en-US}}
In August 2017, SuperMoney launched an auto loan offer engine / marketplace that enabled consumers to have a similar experience for auto purchase and refinance loans.{{Cite news|url=http://www.ibtimes.com/new-online-platform-aims-help-car-loan-borrowers-negotiate-better-2580452|title=New Online Platform Aims To Help Car Loan Borrowers Negotiate Better|last=Moreno|first=Denisse|date=2017-08-19|work=International Business Times|access-date=2018-04-16}}{{Cite news|url=https://www.autoremarketing.com/subprime/70-finance-companies-already-involved-supermoney%E2%80%99s-new-platform|title=UPDATED: 70 finance companies already listed with SuperMoney's new platform|last=Zulovich|first=Nick|date=2017-08-23|work=SubPrime|access-date=2018-04-16|language=en}}{{Cite news|url=https://www.autofinancenews.net/fintech-startup-pursues-captive-partners-for-loan-engine/|title=Fintech Startup Pursues Captive Partners for Loan Engine|last=Hoffman|first=William|date=2017-08-22|work=Auto Finance News|access-date=2018-04-16|language=en-US}}{{Cite news|url=https://www.autofinancenews.net/supermoneys-direct-auto-aggregator-spotlights-full-cost-of-interest-rates/|title=SuperMoney's Direct Auto Aggregator Spotlights Full Cost of Interest Rates|last=Hoffman|first=William|date=2017-08-16|work=Auto Finance News|access-date=2018-04-16|language=en-US}}{{Cite news|url=http://finovate.com/supermoney-launches-auto-loan-offer-engine/|title=SuperMoney Launches Auto Loan Offer Engine|last=Penn|first=David|date=2017-08-21|work=Finovate|access-date=2018-04-16|language=en-US}}
In November 2018, SuperMoney launched a student loan refinancing offer engine / marketplace to help consumers get competing transparent offers from lenders who want to refinance their student loan debt.{{Cite news|url=https://finovate.com/supermoney-launches-student-loan-refinancing-marketplace/|title=SuperMoney Launches Student Loan Refinancing Marketplace|last=Muhn|first=Julie|date=2018-11-16|work=Finovate|access-date=2018-11-16|language=en-US}}{{Cite news|url=https://www.supermoney.com/2018/11/supermoney-student-loan-refinance-marketplace/|title=SuperMoney Launches Student Loan Refinance Marketplace|last=Lulic|first=Miron|date=2018-11-14|work=SuperMoney|access-date=2018-11-16|language=en-US}}{{Cite news|url=https://www.valuewalk.com/2019/08/lender-credit-models-supermoney-ceo/|title=The Future Of Lender Credit Models With SuperMoney
|last=Wolinsky|first=Jacob|date=2019-08-14|work=SuperMoney|access-date=2019-08-14|language=en-US}}
In August 2021, Inc. Magazine announced SuperMoney placed #1706 on the 2021 Inc 5000 list of fastest growing private companies in America.{{Cite news|url=https://www.inc.com/profile/supermoney|title=Inc. 5000 SuperMoney|date=2021-08-17|work=SuperMoney|access-date=2021-08-17|language=en-US}} In August 2022, Inc. Magazine announced SuperMoney placed #1936 on the 2022 Inc 5000 list of fastest growing private companies in America. In August 2023, Inc. Magazine announced SuperMoney placed #1508 on the 2023 Inc 5000 list of fastest growing private companies in America.
Deloitte ranked SuperMoney on their Deloitte Technology Fast 500 list for 2023 and 2023.{{Cite news|url=https://www2.deloitte.com/content/dam/Deloitte/us/Documents/technology-media-telecommunications/us-tmt-22-deloitte-technology-fast-500-recognizing-growth-brochure.pdf|title=Deloitte Technology Fast 500 2022|date=2024-04-04|access-date=2024-04-04|language=en-US}}{{Cite news|url=https://www2.deloitte.com/us/en/pages/technology-media-and-telecommunications/articles/fast500-winners.html|title=Deloitte Technology Fast 500 2023|date=2024-04-04|access-date=2024-04-04|language=en-US}}
Financial Times ranked SuperMoney #126 on The Americas' Fastest Growing Companies 2024 list.{{Cite news|url=https://www.ft.com/content/d4a20767-ea0f-4f8e-972d-84a513345784|title=Financial Times Fastest Growing Companies 2024|date=2024-04-04|access-date=2024-04-04|language=en-US}}
SuperMoney was awarded the Best Financial Product Comparison Service by Fintech Breakthrough for 2023 and 2024.{{Cite news |date=2024-04-04 |title=Fintech Breakthrough 2023 Winners |url=https://fintechbreakthrough.com/2023-winners/ |access-date=2024-04-04 |language=en-US}}{{Cite news |date=2024-04-04 |title=Fintech Breakthrough 2024 Winners |url=https://fintechbreakthrough.com/2024-winners/ |access-date=2024-04-04 |language=en-US}}
Products and Services
=SuperMoney Comparison Site=
SuperMoney is not a direct supplier of financial services; it is instead a comparison platform. The company's goal is to provide a transparent data source for financial product information that helps consumers make informed financial decisions.{{Cite news|url=https://www.valuewalk.com/2019/06/supermoney-loan-offer-engine/|title=A Look At The Private Lending Markets |last=Wolinsky|first=Jacob|date=2018-06-03|work=Value Walk|access-date=2018-06-03}}{{Cite news|url=https://cheddar.com/media/the-top-three-common-money-mistakes-to-avoid-in-your-s|title=The Top Three Common Money Mistakes to Avoid in Your 30's|date=2019-11-06|work=Cheddar|access-date=2019-11-06}} Its comparison tools provide information on credit card selection, college loans, banking, mortgage loans, personal loans, auto loans, business loans, stock trading, insurance policies, and other financial services.{{Cite news|url=https://www.retrofitmagazine.com/when-is-it-a-good-idea-for-a-contractor-to-consider-a-business-loan/|title=When Is It a Good Idea for a Contractor to Consider a Business Loan?|last=Latham|first=Andrew|date=2017-08-21|work=Retrofit Magazine|access-date=2018-04-30|language=en-US}}
SuperMoney leverages its data to publish financial service industry studies that have been cited by media outlets such as CNBC,{{Cite news|url=https://www.cnbc.com/2018/05/01/these-states-have-the-highest-and-lowest-credit-card-balances.html|title=The US states with the highest and lowest average credit card balances|last=Blumberg|first=Jonathan|date=2018-05-01|work=CNBC|access-date=2018-05-01}}{{Cite news|url=https://www.cnbc.com/2019/06/28/83-percent-of-non-homeowners-say-student-loans-are-the-reason-they-cant-afford-to-buy.html|title=83% of non-homeowners say student loans are the reason they can't afford to buy|last=Martin|first=Emmie|date=2019-06-28|work=CNBC|access-date=2019-06-28}}{{Cite news|url=https://www.cnbc.com/2019/09/14/heres-how-long-it-takes-to-improve-your-credit-score.html|title=Here's how long it takes to improve your credit score|last=Dickler|first=Jessica|date=2019-09-14|work=CNBC|access-date=2019-09-14}} Business Insider,{{Cite news|url=https://www.businessinsider.com/millennials-overestimate-starting-salary-cant-pay-student-loan-debt-2019-9|title=Nearly half of millennials said the biggest mistake they made with student loans is thinking their starting salaries would cover their monthly payments, a new study shows|last=Hoffower|first=Hillary|date=2019-09-12|work=Business Insider|access-date=2019-09-12}}{{Cite news|url=https://www.businessinsider.com/income-increase-young-adults-less-than-housing-tuition-costs-2019-9|title=Income for young adults has grown by just $29 since 1974 — nowhere close to keeping up with skyrocketing housing costs and the crushing size of student-loan debt|last=Hoffower|first=Hillary|date=2019-09-12|work=Business Insider|access-date=2019-09-12}}{{Cite news|url=https://www.businessinsider.com/millennials-delaying-more-life-events-baby-boomers-money-concerns-2019-11|title=8 life events millennials are putting off longer than their parents because they can't afford it|last=Hoffower|first=Hillary|date=2019-11-18|work=Business Insider|access-date=2019-11-18}}{{Cite news|url=https://www.businessinsider.com/baby-boomers-wealth-rises-millennials-and-gen-x-decreases-2019-12|title=American millennials may be behind financially, but one chart indicates that Gex X could be in for an even more brutal awakening when it comes to their wealth|last=Hoffower|first=Hillary|date=2019-12-18|work=Business Insider|access-date=2019-12-18}}{{Cite news|url=https://www.businessinsider.com/america-middle-class-living-expenses-family-of-four-2020-2|title=The typical US worker can no longer afford a family on a year's salary, showing the dire state of America's middle class|last=Hoffower|first=Hillary|date=2020-02-25|work=Business Insider|access-date=2020-02-25}} Forbes,{{Cite news|url=https://www.forbes.com/sites/johnwasik/2017/12/15/the-best-way-to-avoid-getting-buried-by-debt/#79099e147942|title=The Best Way To Avoid Getting Buried By Debt|last=Wasik|first=John|date=2017-12-15|work=Forbes|access-date=2018-04-16|language=en}}{{Cite news|url=https://www.forbes.com/sites/ellenparis/2019/05/31/important-mortgage-tips-for-first-time-buyers/|title=Important Mortgage Tips For First-Time Buyers |last=Paris|first=Ellen|date=2018-06-03|work=Forbes|access-date=2018-06-03}} Fox News{{Cite news|url=https://www.foxnews.com/us/millenial-socialism-bernie-sanders-ocasio-cortez-aoc|title=What is millennial socialism?|last=Wallace|first=Danielle|date=2020-02-05|work=Fox News|access-date=2020-02-05}} and Reader's Digest.{{Cite news|url=https://www.rd.com/culture/things-youre-blaming-on-millennials/|title=20 Things You're Probably Blaming on Millennials—But Shouldn't |last=Donvito|first=Tina|date=2019-10-29|work=Reader's Digest|access-date=2019-10-29}}
=SuperMoney Loan Offer Engine=
SuperMoney launched its loan offer engine in 2017 and in 2018 announced it had processed over one billion dollars worth of financing requests.{{Cite news|url=https://www.crowdfundinsider.com/2018/10/140271-supermoney-milestone-surpasses-1-billion-in-financing-requests/|title=SuperMoney Milestone: Surpasses $1 Billion in Financing Requests
|last=Hurst|first=Samantha|date=2018-10-18|work=Crowdfund Insider|access-date=2018-10-18|language=en-US}}{{Cite news|url=https://www.crowdfundinsider.com/2018/03/130796-supermoney-milestone-fintech-startup-exceeds-500-million-in-loan-applications-processed/|title=SuperMoney Milestone: Fintech Startup Exceeds $500 Million in Loan Applications Processed|last=Hurst|first=Samantha|date=2018-03-23|work=Crowdfund Insider|access-date=2018-04-16|language=en-US}}{{Cite news|url=http://markets.businessinsider.com/news/stocks/supermoney-exceeds-half-a-billion-dollars-in-loan-applications-processed-since-launch-1018994091|title=SuperMoney Exceeds Half a Billion Dollars in Loan Applications Processed Since Launch|last=Newswire|date=2018-03-21|work=Markets Insider|access-date=2018-04-16}} Less than a year later the firm announced it had doubled that volume to $2 billion worth{{Cite news|url=https://www.pymnts.com/news/alternative-financial-services/2019/matchmaking-2-billion-in-loans-from-a-finserv-review-site/|title=FinServ Matchmaker SuperMoney Tops $2B In Loan Requests|last=PYMNTS|date=2019-08-12|work=PYMNTS|access-date=2019-08-12}}{{Cite news|url=https://www.crowdfundinsider.com/2019/08/150480-supermoney-milestone-fintech-startup-surpasses-2-billion-in-loan-requests/|title=SuperMoney Milestone: Fintech Startup Surpasses $2 Billion in Loan Requests|last=Hurst|first=Samantha|date=2019-08-12|work=PYMNTS|access-date=2019-08-12}} and then to $5 billion within two years of that.{{Cite news|url=https://www.benzinga.com/pressreleases/21/05/p20933279/supermoney-surpasses-5-billion-in-loan-requests-with-transparent-access-to-financing|title=SuperMoney Surpasses $5 Billion in Loan Requests with Transparent Access to Financing|last=Benzinga|date=2021-05-04|work=Benzinga|access-date=2005-05-04}} The SuperMoney loan offer engine allows a consumer to fill out a financing request which is forwarded to matching lending partners, who return pre-approved offers in real time.{{Cite news|url=https://www.valuewalk.com/2018/04/fintech-emerging-provide-transparency-consumers/|title=How Is Fintech Emerging To Provide More Transparency For Consumers?|last=Lulic|date=2018-04-20|work=Value Walk|access-date=2018-04-20}}{{Cite news|url=https://www.wsj.com/articles/mistakes-to-avoid-when-refinancing-student-loans-11588364571|title=Mistakes to Avoid When Refinancing Student Loans|last=Munk|date=2020-05-01|work=Wall Street Journal|access-date=2020-09-24}}
=SuperMoney Point of Sale Lending Platform=
SuperMoney launched its "No Fee Financing Platform" point of sale financing solution for small businesses in May 2018. The platform makes point of sale financing, in the form of point of sale loans,{{Cite news|url=https://fuel.exaktime.com/bank-on-it/a-way-to-faster-payment-point-of-sale-loans/|title=Faster Payment with Point of Sale Loans|last=Davis|first=Julie|date=2018-06-29|work=Fuel|access-date=2018-06-29|language=en-US}} available to merchants and service providers across all industries including home improvement, health, and specialty retail.{{Cite news|url=https://www.crowdfundinsider.com/2018/05/133116-supermoney-debuts-point-of-sale-financing-platform-for-small-business-growth/|title=SuperMoney Debuts Point of Sale Financing Platform For Small Business Growth|last=Hurst|first=Samantha|date=2018-05-08|work=Crowdfund Insider|access-date=2018-05-08|language=en-US}} The platform is offered to merchants at no cost.{{Cite news|url=https://www.forbes.com/sites/kateharrison/2018/09/18/should-your-business-offer-point-of-sale-financing/#1e7537953b3d|title=Should Your Business Offer Point-Of-Sale Financing?|last=Harrison|first=Kate|date=2018-09-18|work=Forbes|access-date=2018-09-18|language=en-US}} SuperMoney generates revenue through its lending partners instead of charging merchants a discount rate fee to use the service.{{Cite news|url=https://www.smallbusinesscomputing.com/biztools/supermoney-launches-point-of-sale-financing-service-for-smbs.html|title=SuperMoney Launches Point-of-Sale Financing Service for SMBs|last=Hernandez|first=Pedro|date=2018-06-23|work=Small Business Computing|access-date=2018-06-25|language=en-US}}{{Cite news|url=http://concretehomesmagazine.com/supermoney-launches-pos-financing-platform/|title=SUPERMONEY LAUNCHES UNPRECEDENTED POINT OF SALE FINANCING PLATFORM
|date=2018-06-26|work=Concrete Homes Magazine|access-date=2018-07-29|language=en}}
See also
References
{{Reflist}}
External links
- {{Official website|https://www.supermoney.com}}
{{DEFAULTSORT:SuperMoney}}
Category:Companies based in Santa Ana, California
Category:Financial services companies established in 2013
Category:Online financial services companies of the United States
Category:Internet properties established in 2013