UK money management app Pariti has formed a referral partnership with P2P financing outfit Zopa to help users swap out their credit card debt for a consolidation loan.
The Pariti app connects to a users existing bank accounts, analyses their spending history, and helps them set a target for improvement.
The startup, which claims 70,000 users, says the agreement with Zopa is the first of a number of bundled relationships aimed at creating a ‘marketplace bank’ for millennial consumers.
The Zopa integration enables Pariti users to discover if they could be paying less for their debt without affecting their credit score, and to apply directly for a consolidation loan through the Pariti app.
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Read the full article at: https://www.finextra.com/newsarticle/29402/pariti-taps-into-zopa-api-to-help-millennials-pay-off-card-debt
