Imagine you, a small business or an SME, need to borrow a substantial sumof money. Some options that may spring to mind: family and friends, maxing out credit cards, or the traditional bank. Now, imagine you could whip out your laptop, tablet or smartphone, answer some simple questions on a website or an app, offer basic bona fides, and get an answer within few days. If the latter sounds appealing, that could explain why, over the past several years, peer-to-peer lending has swelled in popularity.
At WeCredit, we run an online platform that can quickly and in a simple way match borrowers seeking a loan to an investor willing to provide the funds for that loan with an attractive return (interest rate). As a company, business or an entrepreneur who is looking to borrow money, you provide your financing needs, as well as some financial information about the company, and in a short period of time you get a credit rating which will allow you to be on our market. You can then follow the n...
Imagine you, a small business or an SME, need to borrow a substantial sumof money. Some options that may spring to mind: family and friends, maxing out credit cards, or the traditional bank. Now, imagine you could whip out your laptop, tablet or smartphone, answer some simple questions on a website or an app, offer basic bona fides, and get an answer within few days. If the latter sounds appealing, that could explain why, over the past several years, peer-to-peer lending has swelled in popularity.
At WeCredit, we run an online platform that can quickly and in a simple way match borrowers seeking a loan to an investor willing to provide the funds for that loan with an attractive return (interest rate). As a company, business or an entrepreneur who is looking to borrow money, you provide your financing needs, as well as some financial information about the company, and in a short period of time you get a credit rating which will allow you to be on our market. You can then follow the number of investors that are willing to lend you money, and the amounts they are offering. You can either choose an interest rate you are willing to pay and hope that loan generates demand, or you can apply for a specific amount and wait for bids by investors. You will receive your money when the amount you asked has been raised by the investors community. As an investor, in minutes you can register and invest. You'll have the option to diversify your risk by investing in several companies with different risk scores, from different industries or regions. Every month, you will receive payments (Principal and interest), which can you can withdraw or reinvest.
WeCredit will work to solve existent inefficiencies in the traditional credit market, bringing more transparency to its counterparts, an attractive risk-adjusted return for investors, that will be able to enjoy the advantages of the financial systems without its costs, and for borrowers, that will be able to access credit in a simpler, and expectedly cheaper way. At WeCredit, we will take advantage of the opportunity to mediate terms between borrowers who want quick access to cash and the lender-next-door starved for yield, sharing with them the results from solving some of the credit market's inneficciencies. WeCredit will resort to Big Data, independent and reliable rating agencies, and improved analytics to make it possible for a tech-driven platform to identify borrowers and make quick lending decisions.
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Employees

David Roque
Admin