Under the brand name “Best Egg”, Marlette Funding has revolutionized the marketplace lending industry, offering personal loans direct to individuals, cutting retail banks out of the equation.
Marlette Funding engaged with Tivix to help build a revolutionary new platform for consumer financial services. Branded Best Egg, the platform launched in 2014 and went from launch to $450 million in just ten months, outpacing the early traction of other players in the space such as Lending Club and Prosper. As of 2020, Best Egg has transacted over $10 billion in personal loans.
Tivix works on a variety of customer-facing features and internal business tools, in collaboration with Best Egg’s in-house engineering team. As a partner our goal is to help the client execute and test new ideas.
Timeline
Tivix has been embedded with the Best Egg team for over 5 years, with typically 10+ team members engaged on the project at any one time. Initially engaged to build the first version of the platform in 2014, we now work on optimizing and adding new features to the core product. This includes building analytics capabilities, creating tools to facilitate customer support and supporting a multivariate testing program to enhance the customer experience.
With the advent of Covid-19, the Tivix team has helped Best Egg to rapidly adapt and release updates to reflect associated changes to the borrowing experience.
Services
Tivix provides full-stack software engineering, project management and UX design services to Best Egg.
Outcome
The resulting product has provided loans to over 600,000 qualified applicants. With a Trustpilot rating of 4.8/5, and over $10 billion in loans transacted, Best Egg is a true success story for consumer fintech.
3
Seconds for qualified applicants to see loan offers
4.8/5
Trustpilot rating based on customer reviews
10
Billion dollars of loans transacted on platform
“I have been very impressed by Tivix’s ability to adjust and execute quickly. It’s shocking, really.”
Kyle Leach
