Brief and to the point. That’s how we like to keep things around here, and the latest PYMNTS Provider Ranking of Personal Loan Apps reflects this ethos with near perfection.
Were we to put it another way — this ranking is short at just seven apps, at present. Given the pace of innovation in personal loans, this ranking could get bigger. For now, let’s catch up with the current field of players with loan apps that manage to make borrowing more … appetizing.
The Top 5
A rivalry is forming atop the Provider Ranking of Personal Loan Apps, with the MoneyLion app taking No. 1 back from the SoFi app, which drops one chart position to No. 2.
The two companies have been swapping that position lately and staying chart-toppers.
At No. 3 again is LendingTree after recently sinking $80 million into banking and investment service and app Stash.
Cutting-edge Avant likes it at No. 4 this time out, while India’s PaySense app grabs No. 5 on the heels of its recent investment by Netherlands Fintech PayU.
That closes out the Top 5.
The Top 10
From here on it’s a breeze because, as we said, the Provider Ranking of Personal Loan Apps only features seven apps right now. The top seven, in fact. And here’s the final two to chart.
Consumer credit platform Upgrade sticks at No. 6 with its assortment of useful features.
Now as last month, at No. 7 it’s Flexwage, now working with Fiserv on disbursements.
Thus ends this edition of the Provider Ranking of Personal Loan Apps.
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