Ready Life Fintech platform poised to disrupt the mortgage industry by providing loans that do not require credit scores

The new innovative fintech platform, led by corporate finance lawyer Ashley D. Bell and supported by Figure Technologies, will enable customers to qualify for a mortgage based on spending habits.

SALT LAKE CITY, 26 July 2022 /PRNewswire/ — The modern consumer credit system is broken, locking millions of would-be homeowners out of the American Dream. Ready Life, a new fintech backed by Figure Technologies Inc., is pioneering a revolutionary mortgage model that relies on good rental payment history to qualify buyers for home purchases.

“We’re rewriting the rules of home ownership,” says the CEO of Ready Life Ashley D. Bell, a corporate finance attorney and a former White House policy advisor on entrepreneurship and innovation. “The current system isn’t working, so Ready Life has created a way to help individuals get into their own home based on the factors that matter. We believe that a family with a proven history of paying their rent on time will pay their mortgages in the same way.”

When the Ready Life platform launches this fall, consumers who pay their rent on time using the Ready Pay Visa will^Ⓡ Debit cards will qualify for mortgages without a credit rating.

Figure Technologies, Inc. serves as both an investor and Ready Life’s technology partner. Figure is a leader in blockchain-based fintech infrastructure and has developed backend technology that will enable Ready Life customers to benefit from faster and cheaper transactions. Ready Life will leverage the Provenance Blockchain – which is the only public, decentralized blockchain used by US banks, with billions of dollars of digital financial assets transacted across lending, payments and marketplaces.

“Figure is proud to be an investor and partner for the technical infrastructure of Ready Life,” says June OuCofounder and COO of Figure Technologies, Inc. “Ready Life represents a forward-looking mission-based fintech solution that uses blockchain technology and payment solutions to support consumers and small business owners in building a viable path to generational wealth creation.”

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Ready Life Financial, Inc consists of a series of financial products and services with three core pillars:

• Ready Pay – Visa^Ⓡ Debit card

• Clear mortgage – Mortgage without credit score requirement

• Ready seller – payment services for sellers

To lead its robust rollout of fintech products, Ready Life has tapped into Steve Payne as Chief Technology Officer. Payne is no stranger to using fintech as a tool to create opportunities for underrepresented communities, and he has a wealth of successful technology experience that includes leading technology development at SoFi and serving as CTO at MoCaFi.

“I am very honored to join the Ready Life team. I am motivated by the mission and opportunity to build innovative fintech products that help communities build generational wealth,” Ready Life CTO Steve Payne stock. “Just as there are food deserts and medical deserts in many urban and rural areas, there are also economic deserts. Our technology, built on blockchain, helps keep resources within communities and, most importantly – provides a new path to home ownership that uses one’s current spending habits as key criteria for getting a mortgage.”

Dr. Bernice A. Kingthe daughter of the late Dr. Martin Luther King, Jr. and Coretta Scott King, serves as chair of Ready Life’s advisory board and sees the mission as an extension of her father’s work to reduce poverty and inequality. “I believe that Ready Life can help correct decades of discrimination in homeownership by helping to remove unnecessary barriers,” states King.

Ready Life will officially launch in the fall of 2022 and is currently conducting its Series A funding round, led by Figure Technologies, Inc.

ABOUT CLEAR LIFE

Ready Life is an innovative fintech platform with a range of financial tools that empower individuals to create and preserve generational wealth. With Ready Mortgage, customers who pay their rent on time using the Ready Pay Debit Card can qualify for a home loan – no credit score required. Ready Life’s products and services empower those underserved by current economic systems and empower individuals to improve their lives through everyday actions. The co-founders of Ready Life include former White House Adviser on Entrepreneurship and Innovation and Business Finance, Ashley D. Bell – and Dr. Bernice King – the daughter of the late Dr. Martin Luther King, Jr. Visit www.readylife.com to sign up and secure a place in line to receive the debit card that will lead to home ownership.

ABOUT FIGURE

Figure Technologies is a financial technology company that leverages blockchain, AI and analytics to deliver products and services that help improve the financial lives of its customers. Founded in 2018 San Francisco, CA based company has unveiled a number of fintech innovations that use Provenance Blockchain for loan origination, equity management, private fund services, banking and payments. Visit www.Figure.com to learn more.

Consult:
Lola Kress
[email protected]
+1 (904) 626-2744

Joe Ziemer
[email protected]

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SOURCE Ready Finance, Inc.