Credi.com launches its first equity crowdfund

Highlights

  • Credi is launching their equity crowdfund
  • Credi is the first, efficient and cost-effective online solution that aids users in negotiating the key terms of a loan and helps with managing loan repayments
  • Credi is raising up to $1.5million, issuing ordinary shares valued at $1.
  • Since its launch in 2017, Credi has seen 4,917 users establish 1,667 loans worth $106 million in 29 countries
  • This year Credi plans to launch their own debit card to replace high interest lending to millennials with a family funded alternative
  • Credi is looking into expansion into the US and other markets

Credi

Credi.com is about to launch its first equity crowdfund.

The platform is the worlds #1 platform for lending between related parties, formalising and managing informal loans, helping to tackle Australia’s rising debt often as a result of high-cost credit. It launched in 2017, which was perfect timing to offer a low-cost alternative to the high-interest loans on offer from credit cards and banks.

Each year, billions of dollars are lent between family, friends and colleagues globally. Until now there has been no affordable or easy way to formalise these informal loans.

Enter Credi.com – the first, efficient and cost-effective online solution that aids users in negotiating the key terms of a loan and helps with managing loan repayments.

The Market & Future Plans

  • The ‘Bank of Mum and Dad’ is the 5th largest lending institution in Australia totalling $65 billion in 2017
  • 50% of first-time home purchases are funded by family & friends
  • Loans between friends and family are the second most common form of credit
  • Since its launch in 2017, Credi has seen 4,917 users establish 1,667 loans worth $106 million in 29 countries
  • Plans for 2019  include the launch of a Credi debit card to replace high interest lending  to millenials with a family funded alternative, keeping money in the family,  promoting saving and delivering ongoing financial education.
  • Revenue growth in Australia from direct customer acquisition and partner channels to position Credi for expansion into the US and other markets it already serves
  • Potential listing  2021

Credi is raising up to $1.5million, issuing ordinary shares valued at $1.

Be part of Credi’s journey by registering your interest in the equity crowdfund and help more Aussies get out of debt quicker.

 

About Credi

If you’ve ever loaned your children money you are officially a branch manager of “The Bank of Mum and Dad”. You are also a part of one of fast growing sectors of the Australian economy. Credi.com was born out of the pressing need to document loans between family members, friends and businesses. It removes the stress, the embarrassment and the risk of legal action, formalising a loan within minutes and without a scrap of costly, time-consuming paperwork.

Register Interest