together loans

What together loans does

Together Loans, formerly Transform Credit Inc., rebranded in December 2025, is a financial technology company that provides cosigner-based personal loans to US consumers who have been turned down by traditional lenders due to past credit issues. The company serves borrowers who can afford monthly repayments and have a trusted friend or family member willing to cosign, offering loans of $3,000 to $10,000 at a fixed 35.99% APR over 24 to 60 months. The core technology is an online application platform that evaluates borrowers based on affordability and the creditworthiness of a cosigner rather than the borrower's credit history alone, with features including daily simple interest calculation and a real-time account dashboard.

The business operates through two licensed entities—Transform Credit Inc. (NMLS 1905055) and TL Financial Services LLC (NMLS 2766355)—in partnership with Medallion Bank (Member FDIC), which originates loans under the Together Loans branded program. Revenue is generated through interest income on the fixed-rate personal loans, with no additional fees charged to borrowers. The company distributes exclusively through digital channels including its website, iOS and Android mobile applications, and a customer self-serve portal. A previously offered Credit Builder subscription product has been discontinued and all accounts closed.

The go-to-market strategy is direct-to-consumer, relying on content marketing (the Together Loans Journal blog), organic search/SEO targeting cosigner loan and payday loan alternative queries, customer referrals, and Trustpilot reviews. Operations span 38 US states, with corporate headquarters in Chicago, Illinois. The company positions itself as a fair-credit alternative to predatory payday lenders (300-600% APR) and is subject to CCPA, GLBA, USA PATRIOT Act, and ESIGN compliance requirements.

Name

together loans

Legal name

Transform Credit Inc.

Website

https://togetherloans.com

Company type

Private

Founded year

2025

Operating status

Operating

Short description

Together Loans is a US fintech offering cosigner-based personal loans of $3,000 to $10,000 at 35.99% APR to borrowers with poor credit who can afford repayments, operating in 38 states through digital channels and bank partnership origination.

Ownership category

akta.pro rank

Product category

Consumer Lending

NAICS

Credit Intermediation and Related Activities (522), Mortgage and Nonmortgage Loan Brokers (52231)

SIC

Loan Brokers (6163), Personal Credit Institutions (6141)

akta.pro primary industry

Co-signed & Joint Personal Loans (Unsecured Installment) (FSAKAAAJ)

akta.pro secondary industry

Subprime Installment Loans (Non-Prime Personal Loans) (FSAKAOAA)

Keywords

• Cosigner personal loans
• Consumer lending
• Personal installment loans
• Subprime lending
• Alternative lending

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Interest Income on Loans: Together Loans earns revenue through interest charges on personal loans issued. Loans carry a fixed APR of 35.99%. The company originates loans through its platform and issues them through lending partners including Medallion Bank, Transform Credit Inc., and TL Financial Services LLC. Revenue is generated from the interest spread between cost of capital and loan yields.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Together Loans offers cosigner-based personal loans ranging from $3,000 to $10,000 at a fixed 35.99% APR with 24–60 month repayment terms, targeted at borrowers with poor or limited credit who can afford monthly payments and have a trusted friend or family member willing to cosign. Loans are evaluated based on borrower affordability and cosigner creditworthiness rather than credit history alone, and are issued through partner banks including Medallion Bank (Member FDIC), Transform Credit Inc., and TL Financial Services LLC. A companion mobile app and customer portal support loan management, payments, and account servicing.

Product overview

Together Loans operates as a single-product financial technology company offering one core product: the Together Loans Cosigner Personal Loan. This is a trust-based personal loan ranging from $3,000 to $10,000 at a fixed 35.99% APR with terms of 24 to 60 months. Unlike traditional lenders, Together Loans evaluates borrowers based on affordability and the strength of a trusted cosigner relationship rather than credit history alone. The company previously operated under the name Transform Credit Inc., rebranding to Together Loans in December 2025. Loan products are serviced through a companion mobile app (iOS/Android) for account management and payments. A discontinued Credit Builder product (Together Loans Credit Builder) was previously offered but has since been closed to new accounts.

Differentiator

Problem solved

Functional benefit

Products and services

• Together Loans Cosigner Personal Loan A trust-based personal loan requiring a cosigner, offering borrowers with poor or limited credit access to $3,000–$10,000 at a fixed 35.99% APR, repaid over 24–60 months. Loans are evaluated based on borrower affordability and cosigner creditworthiness rather than credit history alone, with on-time payments reported to credit bureaus to support credit rebuilding. Issued via lending partners Medallion Bank (Member FDIC), Transform Credit Inc. (NMLS ID 1905055), and TL Financial Services LLC (NMLS ID 2766355).

Quantifiable outcome

• Cosigner loans are up to 10 times cheaper than short term payday loans
• +2 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature3 records

Partnerships

Two partnerships are on record, tiered supporting.

• GoCardless Ltd / Community Federal Savings BanksupportingTechnology or IntegrationTogether Loans uses Community Federal Savings Bank (CFSB), member FDIC, for processing Direct Debit payments, with GoCardless Ltd acting as the third-party servicer. This partnership enables ACH payment processing for loan repayments.
• Microsoft Clarity and Microsoft AdvertisingsupportingTechnology or IntegrationTogether Loans partners with Microsoft Clarity and Microsoft Advertising to capture behavioral metrics, heatmaps, and session replay data for site optimization, fraud/security purposes, and advertising. The partnership uses first and third-party cookies to analyze product/service usage and online activity.

Scale indicators3 records

Recent moves5 records

Expansion highlights3 records

Direct peers

• OneMain Financial: OneMain Financial specializes in personal loans to borrowers with non-prime credit, typically offering $1,500-$20,000 loans with similar APR ranges and longer terms. Both companies target credit-challenged consumers who cannot access traditional bank loans, with comparable loan structures and customer profiles.
• Oportun: Oportun provides affordable personal loans to underserved, credit-invisible, and subprime consumers, with a stated mission similar to Together Loans' positioning against predatory lending. Both focus on serving Hispanic and immigrant communities and other borrowers excluded from mainstream credit.
• Possible Finance: Possible Finance offers small-dollar installment loans to subprime borrowers as an alternative to payday loans, typically $300-$500 at high APRs but with longer repayment terms. Both companies position against predatory payday lending and target similar financially excluded consumers.
• MoneyLion: MoneyLion offers personal loans, credit builder loans, and financial products targeting underbanked consumers. Both companies serve credit-challenged borrowers with installment loan products and emphasize credit-rebuilding outcomes, though MoneyLion operates a broader product suite.

Broad incumbents

• Upstart: Upstart is an AI lending platform that uses alternative data to underwrite personal loans, increasingly reaching near-prime and some subprime borrowers. While Upstart's primary focus is broader, its expansion into non-prime segments creates competitive overlap with Together Loans' customer base.
• LendingClub: LendingClub is a major online marketplace lender offering personal loans primarily to prime and near-prime borrowers. While its target market skews more creditworthy than Together Loans, it represents an established digital personal loan incumbent and a potential destination for credit-rebuilt Together Loans graduates.
• Affirm: Affirm is a major buy-now-pay-later and personal loan provider expanding into broader consumer credit. While primarily BNPL-focused, its expansion into longer-term personal loans creates adjacent competition in the digital lending space serving similar digital-first consumers.

Emerging players

• SoLo Funds: SoLo Funds operates a community-based lending platform where friends and family can fund short-term loans to borrowers, with similar trust-based lending philosophy to Together Loans' model. Both companies leverage interpersonal trust as a credit mechanism for underserved borrowers.
• Earnin: Earnin provides earned-wage access and cash advances targeting hourly workers and consumers living paycheck-to-paycheck. While structurally different (advance vs installment), it serves an overlapping customer base of underbanked consumers seeking alternatives to traditional credit.
• Dave: Dave offers cash advances, budgeting tools, and banking services targeting consumers who live paycheck-to-paycheck. Similar to Earnin, it serves an overlapping customer base of consumers seeking alternatives to payday loans and traditional banking products.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks7 records

Key highlights6 records

Customer concentration

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about together loans