Higher Approvals for Ualett’s Cash Advance Program

With Pave’s Income Prediction Model, Ualett was able to more accurately identify financially stable applicants, helping to expand access to cash advances while reducing manual intervention in underwriting.

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Goal

Increase approvals for gig worker cash advances while maintaining strong risk controls.

Problem

Traditional underwriting methods often struggle to accommodate the unique, irregular income patterns of gig workers. As a result, Ualett initially adopted a cautious approach with stricter approval criteria, ensuring careful evaluation while they explored ways to expand their reach.

Solution

With Pave’s Income Prediction Model, Ualett was able to more accurately identify financially stable applicants, helping to expand access to cash advances while reducing manual intervention in underwriting.

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About Ualett

Ualett is a leading financial platform providing personalized cash advance solutions for gig workers, earning a 4.9 rating on Trustpilot. Their mission is to support independent contractors with flexible, data-driven financial products tailored to their unique cashflows. As the gig economy expands—with over 70 million participants and projections estimating gig workers will make up 50% of the U.S. workforce by 2027—Ualett’s ability to scale through innovative automation and personalized services is vital.

Challenge

Gig workers often have less predictable income, making it difficult to accurately assess their creditworthiness. Ualett faced several challenges:

  • Scaling operations: Managing a growing demand for cash advances.
  • Balancing approvals with risk: Expanding access while keeping repayment risk under control.
  • Increasing efficiency: Delivering tailored financial products without slowing operations.
  • Reducing fraud: Addressing issues like shared or linked accounts that impacted repayment success.

To solve these challenges, Ualett needed a solution that could harness cashflow analytics to better understand and predict gig workers’ cashflows.

Approach

Ualett partnered with Pave to enhance their underwriting process and automation. Initially, Ualett used Pave’s income validation as a final check in their evaluation process. Even in this limited capacity, Pave’s analytics helped refine eligibility assessments and improve risk management.

Encouraged by these early results, Ualett restructured their approach and moved Pave’s Cashflow Analytics to the start of their underwriting process. This shift ensured that every applicant was evaluated with Pave’s insights from the beginning, allowing Ualett to increase automation and scale approvals with greater confidence.

Key Enhancements:

✔ Increased Automation: Pave helped Ualett replace manual processing steps, immediately improving underwriting workflows.
✔ Comprehensive Income Verification: Improved gig worker income identification through Pave’s recurring income detection.
✔ Real-Time Decisioning: Using Pave’s webhook system for live updates, ensuring underwriting decisions were based on the latest data.

By integrating Pave earlier in the process, Ualett improved efficiency, allowing their team to process a significantly higher volume of applications without increasing risk.

Results

The partnership between Ualett and Pave helped:

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✅ Increase underwriting automation by 23%, reducing manual workload.
✅ Improve decision-making with better data and real-time cashflow insights.
✅ Provide more personalized financial products for gig workers.

"Pave’s advanced cashflow analytics allow us to offer personalized cash advances tailored to each gig worker’s income. This partnership empowers us to scale while staying true to our commitment to each worker’s unique financial needs, making financial stability more accessible for all."
— Ricky Michel Presbot, CEO of Ualett

Conclusion

With Pave’s support, Ualett has been able to scale its operations, reduce manual processing, and provide tailored solutions to gig workers. Looking ahead, Ualett plans to further integrate Pave’s Cash Advance Score to refine risk assessment, optimize collections, and continue delivering exceptional financial products to independent contractors.

Take the Next Step

Ready to transform your cash advance program with tailored, data-driven solutions? Book a demo today to learn more about how Pave can help your business thrive.

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