Finosu

Finosu, founded by Mark and Gab, emerged from their experience at Alt, a collectibles marketplace, where they established a $200 million specialty finance division. During their time at Alt, they encountered the intricate difficulties inherent in managing consumer loans. They dedicated significant time and resources to creating internal tools aimed at overseeing loan payments, facilitating communication with borrowers, and monitoring loan performance, all while striving to maintain a positive customer experience.

Frustrated by the inefficiencies of manual data entry, disparate systems, payment delays, impersonal borrower interactions, and the challenges of maintaining precise records, they recognized the need for a more effective approach to consumer loan servicing.

Consequently, they established Finosu with the goal of developing the loan servicer they had envisioned: an AI-driven consumer loan servicer engineered to optimize and enhance every facet of the loan servicing process. Finosu's mission is to revolutionize loan servicing into a streamlined, efficient, and customer-focused experience. The operational expenses associated with loan servicing amount to tens of billions of dollars annually, impacting lenders, borrowers, investors, and ultimately consumers. Finosu is committed to changing this paradigm.