Industry: Peer to Peer Finance, School Fee Financing
Financepeer is India’s first AI based Peer-to-Peer Lending platform. It is an unique peer to peer lending platform designed to address financial needs of self-employed, entrepreneurs & salaried individuals through a highly secure, digital medium. It connects individual borrowers with lenders digitally.
It eases each individual’s access to capital and in-turn improve his/her standard of living. It uses an algorithm that quantifies risk from credit and non-credit bureau channels by leveraging artificial intelligence (AI). This analysis helps individuals and institutions to instantly invest in people. Financepeer looks forward to spearheading a truly revolutionary impact for millions of people. It’s a step to reduce economic disparity in the long run.
Financepeer also has an artificial intelligence-based school fee financing ecosystem model where it wants to partner with schools across the country and help parents put their children in a school of their choice without worrying about finance.
It helps parents and students to pay their education fees in monthly instalments at zero interest and cost. The firm pays full year’s fees to education institution at the beginning of the academic year. It has exclusive tie-ups with more than 250 schools and has processed more than 5,000 school fee loans on its platform.