Case Study: Financial Wellness Apps
Qapital is an award-winning app designed to let its customers save, invest, and spend with any goal in mind.
Products Used
Data
Payments
Embedded Refi
Account Switching
The Problem
One of the top 3 financial goals for Qapital’s 2M+ customers is optimizing their student loan debt. With several big priorities on their product roadmap, Qapital was looking for a robust and best-in-class solution that would allow them to launch a debt management solution quickly.
The Solution
With one integration to Spinwheel’s APIs and embedded UI drop-in modules, Qapital built their innovative Student Loan Freedom product, a debt optimization tool that allows its users to:
- Connect and see all of their loans
- Understand which loans they should pay off first
- Make optimized payments on a one-time or recurring basis
- Understand their refinance options including the impact from a proposed refinance relative to their existing loans
- Set up a new bank account for auto-debit to save .25% on interest rates
Using Spinwheel’s products, Qapital is solving one of its customers biggest pain points all while creating new growth opportunities through refi, new account creation, and payoff.
