OneBlinc

OneBlinc operates as a mission-driven financial technology company, established in 2018 by founder and CEO Fabio Torelli. The firm is headquartered in Dania Beach, Florida, and directs its services toward bridging the payday gap for underserved consumers in the United States, with an initial focus on federal and public sector employees. Torelli, a self-described 'credit geek' with over two decades of experience in the financial services industry at institutions like Citi, Santander, and Mastercard, founded the company to provide an alternative to predatory lending. His background, which includes growing up in Brazil during a period of hyperinflation, informed his perspective on creating more accessible and dignified financial solutions.

The company's business model centers on providing equitable and cost-effective credit options without relying on traditional credit scores. Instead, OneBlinc utilizes its own in-house, AI-powered tools and big data analysis to evaluate an applicant's creditworthiness, enabling rapid loan decisions. Revenue is generated through a subscription-based model for some services and interest on its loan products. The company offers a suite of consumer solutions, including the BlincAdvance™ salary advance app which provides users with early access to earned wages, with advances starting at $50 and increasing up to $250 with on-time payments. Another key product is BlincBoost™, a service designed to help users improve their credit scores by reporting on-time payments to major credit bureaus. Beyond these, OneBlinc provides personal loans, co-branded debit cards, and financial education resources.

OneBlinc has secured significant funding to support its growth, including a Series A round and a $100 million credit facility in 2023. These funds are aimed at expanding its product offerings and increasing its reach, with the goal of growing its member base significantly. The typical client is described as a middle-aged minority woman earning around $50,000 annually. The company also offers a "Data Hub" for business clients, providing insights and information. Through partnerships with entities like Mastercard and Mintech, OneBlinc enhances its payment rails and data processing capabilities to scale its alternative credit models. Keywords: financial technology, fintech, consumer lending, salary advance, payroll loans, personal loans, credit building, financial wellness, underserved consumers, federal employees, alternative credit scoring, AI underwriting, payday gap, cash advance app, debt management, financial education, BlincAdvance, BlincBoost, Fabio Torelli, subscription finance, digital banking