- Slice of Finance
- Posts
- Securian Financial Partners with Aven to Offer Debt Protection for Digital Lending
Securian Financial Partners with Aven to Offer Debt Protection for Digital Lending
Slice of Finance Team
05 Sep
Key Highlights:
Securian Financial partners with Aven to expand into the digital lending space.
Debt protection covers monthly payments for Aven Home Card users facing involuntary unemployment.
Offered at no profit to Aven, aligning with their mission to support consumers.
$1.5 billion in Home Card credit lines issued, saving customers over $100 million in interest.
Source (Business Wire)
Notable Quotes:
"We are excited to partner with Aven, a leader in the digital lending space, to offer our debt protection solutions."
"Securian’s product offers valuable protection for those who may face involuntary unemployment."
Our Take:
Securian Financial’s partnership with Aven demonstrates the growing significance of debt protection in the rapidly evolving digital lending marketplace. By offering protection to consumers at no profit to Aven, both companies are setting a standard for responsible lending, while enhancing customer loyalty and trust. This collaboration reflects the increasing role of innovative financial products in safeguarding consumers during times of financial uncertainty.