Real-time Declines

Real-time access to 10 million bank declines per month

Access declines from a network of 50+ banks
10 millions declines cross our platform each month
Used by fintechs serving sub-prime and prime segments with creditbuilder, cash advance, BNPL products
Serving 30+ series A-D fintechs from Greylock Ventures, Sequoia, LightSpeed, First Round

How It Works

1

Customer’s loan application is declined as per bank’s underwriting

2

Turndowns are edirected to Konduit in under 3 seconds via API

3

Fintech sets footprint, credit tier, income and other filters

4

Konduit’s routes lead information to fintech CRM in real time (integrations to 30+ systems)

Use Case

Series B creditbuilder fintech grows acquisition by 5x

“Konduit real-time decline flow has helped us grow 5x and beats CAC for social, search, and other channels by a huge margin”

- Series B creditbuilder fintech from Greylock Ventures

Problem

Fintech was using social media, search, and some affiliate for acquisition and competing with other fintechs in category. It was also competing for same lead with other fintechs that were not direct competitor but going after sub-prime and prime customers.

Solution

Fintech was approved for participation by our bank network to receive real-time decline flow. Fintech saw that Konduit flow performed better than 90% of other channels as the customers were contacted at the right time in their customer journey. Once fintech gained conviction, they grew rapidly to increasing their flow, their cost structure remained flat unlike other channels where bid curve increased CAC as they grew volume.

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