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MobiLend Announces Integration with Payzur Direct-to-Debit Disbursements

MobiLend’s borrowers will now have access to funds in near real time


Atlanta, GA, March 30, 2015 — MobiLend, a trusted digital lender offering the simplest, fastest solutions for short-term financial needs, announced today that it has integrated Payzur Direct-to-Debit, Acculynk’s real time disbursement platform, into their mobile app. MobiLend’s customers will be able to receive funds directly to a debit card in near real time.

“MobiLend is focused on disrupting the consumer finance industry by providing young borrowers with a unique, mobile focused environment that includes instant loan funding, referral gamification, financial education, and real time big data underwriting and decision making. This partnership demonstrates our commitment to these goals by giving borrowers the fastest, easiest way to receive funds. We are excited to be launching in May of 2015 with Acculynk by our side” said Justin D’Ambra, CEO of MobiLend. “Acculynk’s debit disbursement solution is on the leading edge of innovation and cost efficiency. This gives us a leg up on the competition, but more importantly gives our borrowers a leg up on satisfying their financial needs” explains MobiLend’s CFO, Valentin Gasparyan.

With Payzur Direct-to-Debit, MobiLend’s customers can receive their funds within seconds, enabling them to quickly pay bills, make everyday purchases or withdraw cash. By using MobiLend and selecting debit as the payout option, consumers can now avoid funding delays, which result in costly late fees and overdraft penalties.

“We’re excited to formally announce our partnership with MobiLend. The Payzur Direct-to-Debit solution is a great fit for their business and customers’ needs.” said Steve Ostroff, General Manager – Payzur. “In the new digital economy, ACH and check are no longer sufficient for on-demand, mobile-first businesses. Payzur is perfectly suited to be the disbursement option for businesses – like MobiLend – looking for a faster, cheaper and easier payout solution.”

“Acculynk has enabled MobiLend to quickly initiate financial transactions with a fluent REST API. The convenience however does not compromise flexibility in the different types of financial transactions that can be made. This is a big win for MobiLend as a startup” added Amit Saxena, CTO of Mobilend, who has lead their Payzur integration process.

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