smava and solarisBank enter strategic partnership with own 'Kredit2Day'

smava, the credit comparison portal for installment loans, and solarisBank, the first banking platform with a full banking license, have launched a long-term partnership with their own consumer loan product: The 'Kredit2Day' offers customers residing in Germany fully digital instant loans of up to 35,000 Euros with immediate pay out.

In accordance with solarisBank‘s modular approach, the loan as well as the banking backend are provided by solarisBank via API. smava is responsible for the management of the application process, the credit assessment and the credit management.

"The 'Kredit2Day' offer with smava illustrates the flexibility of our banking products: we supply building blocks and provide infrastructure where we create added value." - Marko Wenthin, Chief Commercial Officer and co-founder solarisBank AG

"With our modular' plug and play' approach, we offer our partners exactly the banking services they need. Thus, smava was able to integrate elements such as its own application process into the new product, whilst receiving the components needed to complete the 'Kredit2Day' product from us via API," continues Wenthin.

"Despite the current low interest rate environment, people who overdraw their account still have pay up to 12 percent interest. Together with solarisBank, we will put an end to this. Kredit2Day shows just how much consumers benefit from the services of innovative financial technology companies. They get better financial products at more favorable conditions." - Alexander Artopé, CEO and co-founder smava

With smava, solarisBank is adding another corporate partner to its banking platform. The tech company has entered a total of 56 cooperations to date. Kredit2Day is now available.