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Financial comparison site Monva moves into loan market

Source: Monva

Fintech firm Monva has today announced the launch of its personal loans comparison service.

Alongside the brand’s existing smart comparison credit card and energy services, both launched in late 2020, this latest development is part of Monva’s ongoing mission to revolutionise the price comparison experience for today’s modern user, using customer data for good and automating mundane tasks.

Monva is the brainchild of CEO Steve Wiley and COO Stuart Wakefield, who previously held senior executive positions at MoneySuperMarket, MBNA and Virgin Money, with decades of experience in Fintech and financial services. Its personalised service helps users make smart decisions which are right for them, while its technology and automation means there are less forms to fill in, making it easier to compare and buy. Monva’s customers also receive state of the art guidance and support through Mo, the Money Virtual Assistant, 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.

Commenting on the launch, CEO Steve Wiley said: “We are 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.

“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.

“This launch is the latest milestone for Monva after a year of incredible progress and comes just weeks after closing our latest fundraising campaign on Crowdcube, exceeding our investment goal by 225% from over 600 investors. 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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