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Relationship Lending Fintech Platform Goes Global – Finder.com.au

finder.com.au

Elizabeth Barry from Finder.com.au writes of Credi’s significant growth and expansion in ONLY 5 months, by announcing their up-and-coming international launch to New Zealand.

The month of September has been a significant month in terms of milestones for Credi, the Perth fintech company. With the announcement of their international rollout, people in New Zealand and soon the United Kingdom and the United States will have access to the platform. Look out New Zealanders, you’ll have access to the platform on the 23rd of October.

Since their launch in April of this year, Credi has 1300 users on the platform who have lent or borrowed $32 million from family, friends, and colleagues.

Tim Dean, the founder, and CEO of Credi talks of the company’s excitement to go global.

“The product works in multiple jurisdictions. Given that we’re not a lender, we’re a software company, we can facilitate software-based transactions in a number of territories. We had always planned to go to New Zealand next due to proximity and similarity in terms of market profile,” he said.

Credi also hopes rollout their first television campaign in Australia and New Zealand in mid-October. Having grown and expanded with no current commercial marketing, CEO Tim Dean is hoping for a greater response from both lender and borrower.

“Currently, Credi is lender centric, with a 60/40 split between lenders and borrowers using the platform,” he said.

“However, we expect that some stage in the future there will be an equalisation between borrowers and lenders. For example, a millennial might go to a parent with a problem but with Credi, they go with a problem and a plan with the platform to help solve that.”

With university fees on the rise and the crisis of housing affordability, Credi can be the next big step to help millennials ask for help from ‘the bank of mum and dad’ without the risk of ruining their relationship. Credi.com offers people a simple, organised way to manage and formalise a loan between family and friends. What once was based on a handshake and

Credi.com offers people a simple, organised way to manage and formalise a loan between family and friends. What once was based on a handshake and trust can now be safeguarded with Credi. What once was based on a handshake and trust can now be safeguarded with Credi.

Read the article in full here!

Credit: Elizabeth Barry

Source: www.finder.com.au

 

https://dashboard.credi.com/#/signup?ref=cpw-blog

NOTE: The views and opinions expressed here are mine and do not necessarily represent or reflect the views of Credi Pty Ltd.
Credi Pty Ltd (Credi) is not a bank, provider of legal advice or a financial lender. Credi only provides a platform that allows friends, family and third parties to originate, negotiate and conclude loan agreements amongst themselves. Credi does not provide legal advice, monitor or assess, agree, approve or decline any loan requests nor does the platform perform any funds transfer services.
Credi is not a law firm or legal practise, is not engaged in a legal practise and Credi does not act as lawyers. Nothing on this site is legal advice and you should consult a lawyer to get certainty of your legal rights and obligations.
The use of the Credi platform is governed by Credi’s Terms of Use.

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