The fragmented and confusing debt management market is set to undergo a significant transformation with the introduction of EliHUB, a socially conscious debt management platform developed by fintech startup Elifinty. EliHUB aims to address the challenges faced by both consumers and creditors by providing a centralised source of information and utilising open banking and AI technologies.
Empowering consumers towards financial freedom
Designed to support consumers on their journey to financial freedom, EliHUB offers personalised debt plans, spend management tools, and access to professional advisors and creditors. Through the platform, consumers gain valuable financial education resources and tools to effectively manage their money while receiving tailored advice to tackle their debt.
A win-win solution for consumers and creditors
For creditors, EliHUB offers a unique opportunity to engage with customers who are struggling with debt. The platform enables creditors to provide customised debt solutions, track progress, and ensure timely debt repayment. This mutually beneficial approach creates a win-win situation for both consumers and creditors.
Expansion plans and collaborative approach for a debt-free future
In collaboration with Impact on Urban Health, London fintech has initially launched EliHUB in the boroughs of Southwark and Lambeth, with plans to extend its services to consumers across the UK in the near future.
Maysam Rizvi, Founder and CEO of Elifinty, expressed excitement about utilising open banking to provide fast and tailored financial advice, filling a crucial gap in the market. Rizvi highlighted that Elifinty’s platform also enables businesses such as utility providers, housing associations, and banks to access open data, fostering informed and direct connections with their customers and offering effective debt management support.
Founded in 2018 and headquartered in London, Elifinty is revolutionising the debt management landscape with its innovative platforms, including TrustConnect, which facilitates meaningful connections between businesses and customers, promoting financial resilience and a debt-free future.
As a fintech company, Elifinty aims to disrupt and improve traditional financial processes, making them more accessible, efficient, and tailored to the needs of consumers and creditors.