Happy Money, a leading consumer finance company dedicated to empowering individuals through responsible lending, unveiled upgraded capabilities to its proprietary lending platform, Hive, which powers its borrower and funding partner ecosystem. Since enhancing the platform, Happy Money has driven faster credit decisions, reduced borrower friction and increased monthly loan originations more than 400% year to date.

Hive is the technology backbone of Happy Money's lending operations, enabling a seamless borrowing experience for the company's flagship credit card debt consolidation product, The Payoff Loan^™. Built to scale and support expansion into additional lending products and partner experiences, the platform powers a superior end-to-end lending experience including underwriting, loan origination, servicing and capital delivery across both direct origination and participation models.

The enhanced Hive integrates key components of Happy Money's operating system, including:

• Underwriting Engine: Powers robust risk management, credit modeling and pricing.
• Automation & Advanced Modeling: Streamlines decisioning and reduces manual interventions through automation, intelligent routing and advanced statistical and machine learning techniques.
• Loan Origination and Management System: Supports efficient funding and servicing of loans, managing the loan throughout its lifecycle and powering the experience for borrowers and partners alike.
• Flexible Capital Access Infrastructure: Allows lending partners to effectively fund loans directly or via Happy Money's participation network.
• Data Reporting: Provides robust reporting, AI-driven insights and portfolio trends for transparent, effective collaboration within Happy Money and with funding partners – credit unions, banks and asset managers.

"As Americans continue to navigate high-interest credit card debt and other financial stressors, it's increasingly important to provide thoughtful lending solutions that help people meet their financial goals," said Matt Potere, CEO of Happy Money. "With that mission in mind, we've made significant investments in our proprietary lending platform this year, ensuring Hive can scale intelligently and drive impact with greater speed and precision. As our business grows, Hive will continue to power how we originate, fund and evolve our offerings, enabling us to serve more borrowers and deliver short-duration, high-quality assets for our lending partners."