Online microlending platform
1. Financial Services - Investing
Underbanked consumers in Canada (please read detailed briefing document attached)
Please read the detailed brief file attached before submitting ideas, as we provide much more information on our customer demographic and goals. An introductory brief is below. We help underbanked Canadian consumers find a way to pay their bills when they are short on cash through unforeseen circumstances through non-traditional means. Our first product is a new micro-lending solution that provides a way to pay bills at a reduced cost, unlike traditional pay day lenders who charge exorbitant fees. We expect to add additional borrowing options for consumers in future which could include car loans, small business loans and other options that are not readily accessible from traditional banking sources for this customer demographic. Domain must be available as a .ca (Canadian), we view a good .com domain that is available (which is rarely) as a bonus. Please read the detailed brief attached before submitting ideas, as we provide much more information on our customer demographic and goals.
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