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Creditspring

Provides short-term funds as needed and helps to build one's credit score, empowering access to better financial products in the future.

Summary description

Online consumer lender

Modest credit safety net for consumer’s emergency expenses

Insurance type model – fixed monthly membership fee for enabling rapid small level loan

Cheaper than many near prime lenders and other providers to this segment

Opportunity investment thesis

Large, growing demand for emergency loans by cash strapped individuals

Banks retreating from or finding hard to serve lower income segments, except at very high rates/cost

Need for regulatory friendly approach

Need and opportunity to empower individuals to improve financial stability and credit scores and remove stress

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