
QuickLend
Digital lending platform offering loans against mutual funds with no credit score check and interest only on utilized amounts.
Date | Investors | Amount | Round |
---|---|---|---|
investor investor | €0.0 | round | |
* | $774k | Seed | |
Total Funding | 000k |
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QuickLend operates as a digital lending platform specializing in loans against mutual funds, catering to individuals with varying credit scores. The company provides a seamless, fully digital process that allows clients to pledge their mutual fund units as collateral while continuing to earn returns on them. QuickLend's business model revolves around offering a credit line where interest is charged solely on the amount drawn, eliminating the need for traditional EMIs. This approach not only provides flexibility but also ensures that borrowers can manage their finances more effectively. The platform partners with multiple lenders to secure competitive interest rates, enhancing the borrowing experience. QuickLend's target market includes individuals seeking financial liquidity without the constraints of high credit score requirements or foreclosure charges. By leveraging fintech expertise, QuickLend simplifies the borrowing process, making it accessible and efficient for its clients. The company generates revenue through interest payments on the credit lines provided, ensuring a sustainable business model. Key features include no foreclosure charges, no credit score checks, and the ability to pre-close loans without penalties, making it an attractive option for borrowers looking for flexible financial solutions.
Keywords: digital lending, mutual funds, credit line, fintech, low credit score, interest rates, financial liquidity, collateral, seamless process, borrowers.