On the heels of its partnership with Varo Money and a $2 million venture capital investment from NFX, Dovly, a consumer-focused credit improvement technology company, announced on Sept. 9 that it was honored with a Gold award in the global CEO World Award competition in the Startup of the Year, Consumer Services category. On Sept. 21, it was announced that the company also won the Phoenix Business Journal’s Small Business Award in the Micro Category.
“Dovly has an outstanding team of leaders who are passionate about improving consumer financial health, and it’s an honor to know that passion hasn’t gone unnoticed,” says Nirit Rubenstein, CEO and co-founder of Dovly. “Our mission is to bring financial peace of mind to the millions of Americans suffering from suboptimal credit, and it’s this purpose that drives us to innovate.”
The CEO World Awards honors leaders across the globe who set industry benchmarks for excellence. Dovly was selected as a Gold winner for its automatic credit improvement solution that makes financial well-being attainable to everyone.
When users enroll in Dovly, the platform “soft pulls” user credit reports and flags negative items, inviting users to select inaccuracies for dispute. From there, Dovly’s proprietary algorithm takes over, intelligently and automatically managing the sequencing and formulation of electronic dispute communications to optimize credit improvement. The algorithm gets smarter as more consumers enroll in Dovly, generating increasingly better outcomes for all users on the platform.
“Dovly’s success highlights the growth we continue to see in the technology industry here in Arizona,” said Steven G. Zylstra, president & CEO, Arizona Technology Council. “We’re proud to provide the ideal environment for innovative companies like Dovly to succeed. Thanks to the entire Dovly team for investing in our state and giving consumers nationwide the ability to get ahead financially.”