New Fintech startup Nifty going head on with the big players
From time to time, most people experience a short-term cash flow problem. Often, time is of the essence. Online short-term lender Nifty Personal Loans launched in late 2016. Consumers are tired of long wait times, endless paperwork, exorbitant interest rates, untrustworthy pawn broking shops and sub par customer service. Nifty have developed a custom built bespoke lending platform that delivers a fast and stress free consumer finance product whilst at the same time adhering to their customers needs and responsible lending obligations.
To apply for a short-term loan, applicants need to meet some basic criteria. They must be over the age of 18. They must receive a regular and consistent income into a personal bank account. They must receive at least $800 per fortnight. They must show evidence of being able to handle another financial commitment. With this information that is collected on a simple and easy application form (that takes most user 4 minutes on average to complete), Nifty is able to determine an applicant’s suitability for a loan and if possible help them through their short-term money problem.
After a better than expected launch, 2017 is destined to be a big year for the young startup. Current negotiations are underway with a London based investment bank and a prominent Singaporean based transnational company with operations in over 14 countries showing early interest in an equity stake in the short term lending operation.
Source: Nifty – New Fintech Startup going head on with the big players – Newsmaker