Major Pain Points
- Underfinanced market
Inability of small entrepreneurs to get funds vital for their businesses from regular lenders fast and on fair terms
- Industrial opacity
Unclear and shady structure of lending business resulting in major fraud scandals like Lending Club’s in 2016
- Huge rates up to 50%
High risks of loans to SMEs due to low payment discipline and financial literacy, as result interest rates up to 50% p.a.