The platform can benefit both borrowers and loan services. The company reports that borrowers save an average of $22,000 in interest over a mortgage lifespan and $4,000 on student loans, while loan services save time and costs in tackling late or missed payments.

EarnUp now manages billions of dollars worth of loans on the platform, and has invested its latest funding in expanding its reinvention of payment and data flows for the mortgage industry. At a time when more and more consumers are turning to cutting-edge tech solutions for their money management needs, there should certainly be room for EarnUp to further expand in the coming years.