JG Wentworth is pleased to announce that it has acquired a digital lending platform from Stilt Inc., a personal lending and financial technology company based in San Francisco. Stilt has been backed by leading venture capital firms and has raised $322 million in debt and equity to create a strong end-to-end digital lending and services platform strong.

The acquisition combines JG Wentworth’s nationally recognized brand with an advanced fintech platform, accelerating entry into the consumer lending space and supporting its mission to provide financial solutions to millions. ordinary Americans are looking for ways to improve their situation.

The acquisition adds Stilt’s powerful and proprietary dataset of over $5 billion in loan applications and over 2.5 million banking transactions to JG Wentworth’s existing database of over 25 years of interactions with customers – this database will include in-depth data analysis that provides insights into consumer risk behavior.

The acquisition also allows JG Wentworth to offer customers a hybrid loan origination model, from a fully digital and fully automated experience to the center’s more personalized customer service capabilities. JG Wentworth’s national call, allows consumers to choose the user experience that works best for them. . JG Wentworth plans to start lending in the first half of 2023.

“We’re excited about this new direction for JG Wentworth, and the possibilities it unlocks in our mission to become the leading provider of financial solutions that help everyday Americans,”

“The Stilt platform will provide industry-leading digital capabilities to JG Wentworth’s customers with a user-friendly experience and rapid underwriting decisions. We are now uniquely positioned to provide products that meet the personal finance needs of millions of our customers.”

                                                                                 Randi Sellari, CEO of JG Wentworth.

“This exciting acquisition and our entry into the consumer lending space will allow us to provide more products to the many customers that are already engaging with JG Wentworth daily. Stilt’s digital platform will allow our customers to interact through a mobile app, our website, telephonically or a combination of these options. The Stilt acquisition also provides unique historical customer credit data to JG Wentworth’s data analytics team that, through robust data analysis and credit modeling, will help us make better underwriting decisions that will provide our investors with strong risk-adjusted returns,”

                        Joseph Toms, President, and Chief Strategy Officer at JG Wentworth.

“JG Wentworth’s strong brand awareness and its unique position amongst consumers provide a powerful customer acquisition engine. With Stilt’s complementary digital platform and proprietary consumer credit data, the Stilt team is excited to be part of JG Wentworth and help launch its lending business.”

                      Rohit Mittal, CEO of Stilt Inc. and now SVP of Lending at JG Wentworth.