Overview

Onbo's credit builder product is a zero-fee card backed by an Onbo Line of Credit, which allows your customers to build their credit via micro loans for everyday purchases. By partnering with Onbo, you can own the application and servicing UX, while Onbo acts as the True Lender and Servicer under the hood.

How it works

Origination: you collect information about the applicant while leveraging our licenses to originate the Line of Credit
Underwriting: deploy your own underwriting model, or we can help you get started. we automate credit pull, KYC/KYB and GIACT via our API for seamless integration
Disbursement: we partner with card issuers like Lithic and Apto to fund card transactions just-in-time (JIT)
Servicing: you own the payment setup UX. Just use our Repayments API to initiate repayments on the line of credit
Reporting: we can report to all three bureaus on your behalf