Consumer lending expert advisor for seed stage startup
Consumer credit is a £54 billion problem in the UK; disproportionately affecting those on lower incomes - with 9 million people falling even further into debt during the pandemic. Excluding mortgages, it takes the average person 24 years of clear their debt, and could pay as much as 2.5x the loan amount in interest over this term.
That’s why we're on a mission to make getting out of debt simpler.
The company is at pre-seed stage, and is currently being supported by a world renowned incubator program.
We’re building a tech platform which harnesses open banking to provide people with an overview of all their debts, including student loans, buy now pay later services, credit cards, and overdrafts to automatically help them avoid unnecessary fees and interest charges.
We help people build their credit score, and once eligible, offer to replace their high interest debts, with a single, low interest payment.
Our current projections put us on track for £30m revenue in 3 years.
WHO WE'RE LOOKING FOR
We’re looking for a credit / lending expert with knowledge of the compliance and regulation associated with setting up a lender.
Please get in touch and we’ll provide more details.