Achieve Company Profile

Background

Achieve, formerly known as Freedom Financial Network, is a digital personal finance company headquartered in San Mateo, California. Founded in 2002, Achieve is dedicated to empowering everyday individuals to attain a better financial future. The company offers a suite of personalized financial solutions, including debt consolidation, debt resolution, personal loans, home equity loans, and financial education tools. By integrating innovative technology with a relationship-driven approach, Achieve supports consumers throughout their financial journeys, helping them manage debt, enhance cash flow, and improve overall financial health.

Key Strategic Focus

Achieve's strategic focus centers on delivering tailored financial solutions that address the unique needs of each client. The company specializes in:

• Debt Resolution and Consolidation: Assisting clients in managing and reducing their debt through customized plans.

• Personal and Home Equity Loans: Providing access to funds for various personal and home-related financial needs.

• Financial Education: Offering tools and resources to educate consumers on financial management and planning.

By leveraging proprietary data analytics and innovative technology, Achieve aims to navigate complex credit and economic cycles effectively, ensuring optimal outcomes for its clients.

Financials and Funding

Achieve has demonstrated significant financial growth and stability:

• Annual Revenue: Estimated at approximately $592.8 million.

• Total Funding: Raised around $784 million to date.

The capital raised has been strategically utilized to expand lending operations, enhance technological infrastructure, and develop new financial products and services.

Technological Platform and Innovation

Achieve distinguishes itself through its robust technological platforms and innovative methodologies:

• Proprietary Underwriting Process: Developed to deliver low-cost loans to borrowers while providing low-risk access to consumer loan portfolios for accredited investors.

• Data Analytics: Utilizes two decades of data and analytics expertise in credit profiling and conservative risk management to navigate complex credit and economic cycles.

Leadership Team

Achieve's leadership comprises experienced professionals dedicated to the company's mission:

• Andrew Housser: Co-Founder and Co-CEO, instrumental in establishing and guiding the company's strategic direction.

• Bradford Stroh: Co-Founder and Co-CEO, playing a pivotal role in the company's growth and innovation.

• Linda Luman: Executive Vice President of Human Resources, focusing on fostering a collaborative and inclusive workplace culture.

Competitor Profile

Market Insights and Dynamics

The digital personal finance industry is experiencing substantial growth, driven by increasing consumer demand for accessible and personalized financial solutions. Key trends include the integration of advanced technologies, such as artificial intelligence and machine learning, to enhance service offerings and customer experiences.

Competitor Analysis

Achieve operates in a competitive landscape with several notable companies:

• Amerisave: A mortgage lender offering a range of loan products, focusing on competitive rates and streamlined processes.

• Blend: Provides digital lending platforms that simplify the loan application process for consumers and financial institutions.

• Better: An online mortgage lender emphasizing a fully digital experience with transparent pricing and quick approvals.

Strategic Collaborations and Partnerships

Achieve has engaged in significant collaborations to strengthen its market position:

• Freedom Financial Asset Management (FFAM): An Achieve company recognized at the Hedgeweek US Awards 2022 for its management of the Freedom Consumer Credit Fund (FCCF), highlighting the company's excellence in credit hedge fund management.

Operational Insights

Achieve's strategic considerations include:

• Market Positioning: Emphasizing personalized financial solutions to differentiate from competitors.

• Technological Integration: Continuously enhancing digital platforms to improve customer experience and operational efficiency.

• Customer-Centric Approach: Focusing on understanding and addressing individual client needs to build long-term relationships.

Strategic Opportunities and Future Directions

Looking ahead, Achieve aims to:

• Expand Product Offerings: Develop new financial products to meet evolving consumer needs.

• Enhance Technological Capabilities: Invest in advanced technologies to streamline operations and improve service delivery.

• Strengthen Market Presence: Explore opportunities for growth through strategic partnerships and market expansion initiatives.

Contact Information

• Website: achieve.com

• Social Media:

• Facebook: facebook.com/achievecomcareers

• Twitter: twitter.com/achievecareers

• Instagram: instagram.com/achievecomcareers

Note: Specific contact details such as address, phone number, and email are not provided in this profile.