Before partnering with Atelio, Vola Finance encountered significant challenges that hindered its ability to provide comprehensive financial solutions to its users. One of the primary issues was the inefficiency in sending funds to users instantly at scale. Vola recognized that timely access to funds was crucial for its users to manage their finances effectively, especially in bridging the gap between paychecks. However, their existing infrastructure made it difficult to implement this feature efficiently, limiting Vola’s ability to effectively deliver on their mission.

Additionally, Vola was committed to helping its users improve their credit scores, a vital aspect of financial wellbeing. While Vola provided options for reporting rent and utility payments to credit bureaus, this was not sufficient to comprehensively build a user’s credit history. The lack of a solution that could leverage users’ broader spending and repayment activities to contribute to credit score improvement was a significant gap.

Vola needed a more robust system that would allow every transaction to aid in building a stronger credit history, thereby providing greater value to its users.

‍

To address these challenges, Vola Finance chose to build on the Atelio platform and leveraged its issuing capabilities to implement the Credit Builder Card into its suite of financial tools. The Credit Builder Card offered a unique combination of features that perfectly aligned with Vola’s objectives. Unlike traditional debit cards, Atelio’s secured credit card was designed to help users build their credit history while making everyday purchases. This innovative approach meant that every transaction made with the card contributed to building the user’s credit score, providing a more comprehensive solution for credit improvement.

Moreover, the Credit Builder Card enabled instant fund transfers, allowing Vola to efficiently send funds to its users on a large scale. This feature was crucial in helping users avoid overdraft fees and manage their finances more effectively by bridging the gap between paychecks. Additionally, the card offered cash-back rewards, adding an incentive for users to engage more actively with their finances.

The combination of these features made Atelio’s Credit Builder Card an ideal solution for Vola, enabling them to enhance their service offerings and providing a secure and efficient way to improve their credit while managing their day-to-day expenses.

‍