Company on the Move: QCash Financial, CFSI Financial Health Network
QCash Financial, a provider of small-dollar lending technology for financial institutions, has become a member of the Center for Financial Services Innovation (CFSI)’s Financial Health Network. As part of the consortium, QCash will help CFIS work toward its goal of increasing access to high quality financial products and practices for all consumers—especially the underbanked—and improving their overall financial health.
The QCash loan platform was developed in 2004 by the Washington State Employees Credit Union after its employees noticed a substantial number of its members required small, short-term loans from payday lenders that were charging excessive fees and interest rates. It is offered as a white-label solution to financial institutions.