Monva launches loan comparison service

Fintech firm, Monva, has announced the launch of a personal loans comparison service.

The move follows the brand’s existing smart comparison credit card and energy services, which both launched in late 2020.

Monva suggested its latest development is part of an ongoing mission to “revolutionise” the price comparison experience for modern users, by using customer data to automate mundane tasks.

The fintech’s customers already receive support through a “money virtual assistant”, Mo, which guides users through the comparison search, assists buyers in making their decisions and uses AI and machine learning to alert users to new personal offers.

CEO, Steve Wiley, said the firm is “thrilled” to unveil Monva’s latest price comparison service for personal loans.

“Using Monva, customers will now be able to compare loan options from leading providers and access personalised offers without affecting their credit file,” said Wiley.

“Customers will also be supported by Mo, our smart technology and money saving assistant, which represents the biggest advancement in the industry yet. Mo guides customers through searches and offers useful tips and information to help individuals make smart choices and find the right deal every time.

“We’re excited about the huge opportunity ahead of us as we continue building Monva and developing the next generation of financial price comparison for our users.”

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