Credi, the fintech platform that ‘formalises loans among family and friends to reduce friction’ was featured in this month’s stories of Startup Daily.
Startup Daily mentions the various lending fintech companies, then introduces Credi, the unique platform with a new approach to relationship lending. They further highlight Credi’s innovative idea of facilitating and managing the lending process, without ‘actually touching any loans or connecting borrowers to lenders’.
Startup Daily identifies at the start of a loan, between family and friends, it starts out with both parties having the best intentions. However, things can quickly turn sour as there is rarely clearly-stated terms or agreements. As a result, relationships become at risk and sometimes issues arise.
Tim Dean, CEO of Credi, perfectly states in the article, “We want to save relationships from the strain of financial dealings by turning informal agreements into credible, manageable and formal ones. We believe that by looking after reminders, calendaring and contracting on behalf of the lender and borrower we are removing the most fraught aspects of relationship loans.”
https://credi.com/wp-content/uploads/2017/08/Tim-Dean-Credi.png600900Isabella Franszhttps://credi.com/wp-content/uploads/2019/05/credi-logo-1d.pngIsabella Fransz2017-08-10 10:59:572018-02-27 16:14:58Credi featured on Startup Daily