Credi User Stats – January 2018

Credi takes up Internationally.

In December we quietly opened up our platform to 51 countries, and organically we are seeing usage spread globally. Our strategy remains to formally establish a presence in the UK in by mid-2018, and then accelerate through partnerships and strategic alliances.

Australia is still our dominant marketplace, and with our partner program imminently launching, we are continuing a local focus – mindful of the opportunities that are presenting themselves internationally.

We welcome any opportunities to partner / collaborate – and my team or I can be reached via partners@credi.com.

Tim Dean CEO



What a great 2017!




Home loans from the Bank of Parent

2000 users cant be wrong, why wait.

Credi on The Daily Drive


CEO Tim Dean on 6PR



Seeking The Bank of Mum and Dad to Repair Costly Decisions

repair costly decisions

Written for Credi Pty Ltd by Brittany Veroba

Have you ever returned from your long awaited holiday, that took years of saving, to only find yourself starting to save all over again? On top of that, have you also found yourself breaking an expensive item as soon as you return? Does this sound like you, because it sure sounds like me!

In my case, it was my phone. I managed to keep it in one piece on my month long holiday around Europe. Trust me, I was pretty surprised with myself. I let my guard down – as you naturally would – when I arrived home. Less than a month later it would be broken at no fault but my own.

Now I am out seeking the Bank of Mum and Dad for some extra cash. This was initially proving harder than I thought. Persuading Mum and Dad to let me borrow over $1,000 with no guarantee of me paying them back was a difficult obstacle. You would have thought that trust would have been there, after 22 years, but I guess not.

So, here are 5 tips to avoid being in my position:

  1. Be Cautious

Why do expensive mistakes always occur at the most unsuitable time? Make sure you are extra careful with your belongings, especially when money is low.

And please, don’t leave your phone on the gym floor like I did. It is likely a weight will fall on it and you will be back to using a ‘brick’ phone for the next month.

  1. Emergency Money

Try and set aside some money in case of events like this occurring. Yes I know, most of you wouldn’t classify this necessarily as an emergency. I didn’t either until I actually realised how much I relied on my smartphone.

  1. Use a savings app

Savings apps such as TrackMySPEND and Pocketbook are a great way to keep track and monitor what your money is going towards. Visually seeing this can help put your spending habits into perspective.

  1. Eat out less

Our generation seems to be known for their ‘smashed avo’ and coffee obsession. Don’t worry, you can still enjoy these delicious treats, just cut down how much you are spending on food and drinks per week. Even if it is cutting down from $40 per week to $35, the smallest increments still count.

  1. #CrediMe Mum and Dad!

If only I knew about this one…. If you are still in need of money, this step makes it a lot easier when trying to form a convincing argument towards borrowing your parent’s money. Credi is an online platform that enables a contractual loan to be created between family and friends. Each agreement is tailored by both parties to suit their situation AND the platform helps you manage the whole process from start to finish (no matter how long the agreement). This way your parents will be assured that you will pay them the full amount back. For more information visit Credi and create a free Credi account today!


Written for Credi Pty Ltd by Brittany Veroba



I’m a member of gen Y living in an expensive city with a new sense of hope

Gen Y housing market

Written for Credi Pty Ltd by Harry McGregor

My name is Harry, I’m 23 and I am a member of Gen Y. Throughout my time at @notredamebusiness the thought of house ownership has never really crossed my mind until recently. Every other morning, I go to my local supermarket and purchase my $4 avocado for avo on toast. Just like an alarm you set religiously, almost every morning I am reminded by my baby boomer parents that this smashed avo on toast is the reason why I’m locked out of the Perth housing market. Unfortunately, I’ve fallen into the generation where housing is unaffordable, education is far from free and health cover costs an arm and a leg. The general trend within our society is “skill up”, get an education, get a job, save up and get a mortgage. However, for me at this very moment in time, I’m not seeing a light (or house) at the end of the tunnel.

I decided to have a chat with my Mum to see if I can shake this financial fear and gain an insight into how I can approach this situation. This is a snippet of our conversation.

Me: So Mum, at what age did you buy your first house?

Janie: I was 18.

Me: So it was roughly 1980 when you first invested?

Janie: It was 1981 and your uncle (Andy), Grandmother and myself invested in a property in Cottesloe.

Me: How much did the property cost you?

Janie: We bought the property outright at $20,000. Andy and I put in $5000 each and Gran put in the remaining $10,000. At the time it was purely an investment.

Me: So how did you come up with the capital? Did you save up and have a plan in place?

Janie: It was a gift from my uncle that all our relatives got. At the time it seemed like the perfect solution to invest.

I guess where I am going with this, is that housing prices are not the same as 1981 and with a median house price of $1,875,000 in Cottesloe, it’s fair to say that times have changed and certainly house prices have too. When discussing this topic with Mum the idea of deposits and bank loans was scary. When I pitched the idea of borrowing money from them, there were no surprises in her reaction;

“Harry, do you think I can honestly trust you with paying back a deposit on a house? I’m still waiting on the money I lent you for fixing the car?”

“But what if we were in a contract together?”

This was where Credi came in to save the day. With the ability to build a loan, negotiate the loan to best meet our interests and with access to repayment management, it seemed too good to be true. PLUS it was FREE to create an account! My personal experiences (and more importantly my parent’s experiences) have not been pleasant, to say the least in terms of lending money, with disagreements on how much I owe and when am I going to pay them back. Credi sorted all that out for us, the platform formalised the agreement and managed the process from start to finish.

Thanks to Credi, I have a new sense of hope.


Written for Credi Pty Ltd by Harry McGregor