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Innovative fintech company expands – adding more than 200 jobs in Delaware

17 DECEMBER, 2018

Marlette Funding, LLC, a leader in the FinTech sector, is adding jobs in Delaware. Marlette Funding, LLC uses the consumer-lending platform Best Egg, which offers a breakthrough frictionless online personal loan platform where qualified applicants can instantly view loan offers with no impact to their credit score and receive funds in as little as one business day.

Marlette leverages technology to create a distinctive customer-centric focus delivering faster, easier and a more personalized experience. The technology platform speeds and improves the customer experience, using machine learning and artificial intelligence to remove friction, reduce credit and fraud losses and create a hassle-free consumer experience.

Marlette’s user-friendly approach has resulted in being named #1 in Customer Satisfaction in Personal Loans from Lending Tree, the nation’s leading online loan marketplace, maintaining their recognition as the #1 Personal Loan Company from Best Company, continuing to hold an A+ Rating with the Better Business Bureau (BBB), and, most recently, Best Egg was named to the LendEDU list of top personal loan lenders for Q32018.

FinTech is one of the fastest growing disruptive innovations in the country. Delaware, with its bench strength in the business and finance sectors, makes an attractive choice for the fintech sector. During the past five years, employment in Delaware’s finance industry grew by an annual average of 2.4%, twice the national rate and much faster than neighboring states. Delaware has been a magnet for out-of-state direct investment by financial services firms in recent years, with $725 million invested since 2010. Wilmington is the leading destination in our region for this investment.

Bobby Ritterbeck, Marlette’s Chief Marketing Officer, presented Marlette Funding LLC’s plan to add jobs and expand its Delaware facility to the Council on Development Finance’s (CDF) public meeting on November 26 and on December 17. The proposal includes a request for a performance-based grant of up to $2.725M to create 232 new full-time jobs and support its $7.5M capital investment in New Castle County, Delaware.

“We are entering 2019 with strong organizational growth, positive cash flow and an innovation strategy based on big data, smart tools, better technologies, and sophisticated marketing,” said Jeffrey Meiler, CEO of Marlette Funding, LLC. “Delaware has been a great state to grow our business, we expect to hire more than 200 people as we grow and provide additional economic benefits that will contribute to the overall economic development efforts of the first state.”

“We are excited Marlette is choosing Delaware for its continued growth,” said Delaware Governor John Carney. “With Delaware’s strength in finance and business services, we are ideally positioned to foster and support the fintech sector as well as other technology-based ventures. This commitment from Marlette reaffirms that Delaware is a great state for businesses of all sizes to put down roots, grow and create jobs.”

“New Castle County is dedicated to winning the future through sustainable job creation,” said Matt Meyer, New Castle County Executive. “Marlette Funding’s decision confirms that New Castle County is a premier location to grow the financial technologies of tomorrow, adding hundreds of new jobs.”

In a short time, Marlette has developed a reputation for its commitment to a positive and creative employee culture, as reflected in its employee engagement score, which ranks in the top 10 percent of thousands of companies using OfficeVibe, a leading online employee engagement platform, across 90 countries and recognition in 2018 by the American Banker as one of the Top Fintech Places to Work and in the Delaware News Journal Top Workplaces.

Marlette Funding and its employees are also solid corporate citizens volunteering and supporting local Delaware charities including Junior Achievement of Delaware, the Ronald McDonald House, the Food Bank and the Leukemia & Lymphoma Society.

About Marlette Funding

Marlette Funding, LLC, uses the consumer-lending platform Best Egg, which offers a breakthrough frictionless online personal loan platform where qualified applicants can instantly view loan offers with no impact to their credit score and receive funds in as little as one business day. Marlette Funding LLC, a financial technology and service provider for banks, is dedicated to finding better ways to make money accessible to help people achieve their goals and enjoy life. The team blends decades of banking experience with deep customer knowledge and smart technology to deliver digital products, services and experiences in a more relevant way.

Since March 2014, the online loan platform has delivered over $6.7B of prime loans with strong credit performance as a third-party service provider for Cross River Bank under the Best Egg brand. For more information, visit www.MarletteFunding.com or www.bestegg.com.

About Delaware Prosperity Partnership

Created in 2017, Delaware Prosperity Partnership (DPP) is a nonprofit that leads the state of Delaware’s economic development efforts to attract, grow and retain businesses; to build a stronger entrepreneurial and innovation ecosystem; and to support private employers in identifying, recruiting and developing talent in the state of Delaware. For more information, visit www.deprosperitypartnership.com.

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