Company Name: Credi
Announcement Date: 28/09/2017
Announcement Category: Product launch/update
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!
Announcement URL: https://credi.com/2017/09/27/finder-inernational-rollout/
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 taking the duty of reminders, calendaring and contracting on behalf of the lender and borrower we are removing the most fraught aspects of relationship loans.
Credi gives you the platform and the tools for loans between family and friends. Simply use the app to generate a legally binding document and add your e-signature. Once agreed, you can manage repayments to stay on top of your loan. A simple and easy way to loan money from your loved ones!
Go to Company Profile for: Credi
Announcement Contact: [email protected]