Haylend

Haylend is a worldwide deposit marketplace through which people from high-income countries deposit their savings to carefully selected banks from emerging and frontier markets. We are connecting depositors to banks directly. Haylend is a one-stop shop where the client sees the offers of Haylend's partner banks, applies for opening a deposit account and communicates with the bank. The money transfer will be through SWIFT system, thus Haylend is not becoming part of the deal.

The problem we are solving is the inefficient flow between developed and developing countries. In high-income countries, the deposit interest rates are around 0-1%, so basically do not even cover the service fees, let alone the inflation. Moreover, for getting access to high rates offered by other countries, they need to physically move to that country.
In parallel, banks in developing countries don't have direct access to foreign retail. As the local market is weak, banks are highly dependent on outside capital, subsidies, loans from international institutions. Because of all these, banks are short of free capital and right now are looking for new ways to open a source to other markets.

Our target depositors are mostly Middle-aged, married, with stable incomes of around $150K p.a. Low to middle risk, always keep up with innovations, pay for quality and convenience, concerned about security, like online shopping, responsible with finance, always budget. They always want to be a role model, afraid to defile their name, share their good experiences with peers.
Partner banks are fully regulated, have a good reputation and customer service, open for innovations.