Offer a platform for related parties to formalise loan agreements in an easy and cost effective way whilst also facilitating repayments at often lower interest rates, helping borrowers to be free of their debt quicker.
CONVENIENCE + VALUE + TRUST
The Credi Story
Lending between related parties is a massive global market – whether its parents providing the deposit for a house, coworkers providing seed funding for a startup or businesses lending to directors – billions are lent between family, friends and colleagues each year.
In Australia, the ‘Bank of Mum and Dad’ is the fifth largest lending institution totaling $65 billion in 2018. One of the major advantages of loans between related parties is that they can have low interest rates and approval hurdles compared to traditional lenders.
Making a Real Difference Since 2017
Until now there has been no affordable or easy way to formalise these informal loans. Enter Credi.com - a world-first relationship-lending platform that empowers The Bank of of Mum and Dad!
It is efficient, cost-effective online solution that aids users in negotiating the key terms of a loan, helps with managing loan repayments through email & SMS reminders, calculates interest using a variety of methods, and allows the flexibility for loans to be amended or be repaid early.
More than just delivering a lending platform, Credi has seen its users leverage their relationships, facilitating nil cost or low cost loans to friends and family.
Credi will use the funds raise in this equity crowdfund to scale quickly – generating more users and partners. The company chose equity crowdfunding as a means to raise capital as the platform is built for everyday Aussies, so it makes completes sense that it’s also built with them.
"My wife Rita and I were looking to support a family member with a loan when Rita found Credi.com. We were able to formalise and manage our agreement so simply for all concerned. We had it set up in no time at all! Rita and I have found Credi to be a great company with a strong moral compass and they are really solving a genuine challenge that all us parents will most likely face at one time or another while we’re trying to run the “Bank of Mum and Dad”
For us it’s a no brainer? We’ll be supporting this equity crowd funding round and we encourage you to join us in helping "Credi" on their incredible journey in Australia and globally."
Brett and Rita - Credi Investors and Users
Australian Market Size
3 Year Plan
2021 - Potential IPO
What is equity crowdfunding?
Equity crowdfunding became accessible to all Australian's over the age of 18 in January 2018. It's a new way to invest that enables broad groups of investors (‘the crowd’) to fund early stage companies in return for equity. It helps these companies access the capital they require and gives investors a chance to invest in businesses they are passionate about. Retail investors can invest up to $10,000. Sophisticated investors are unlimited in their investment.
If you want to know more about equity crowdfunding, head to the Equitise FAQs page.
How to invest:
If you have questions along the way about investing or about the offer, please don’t hesitate to contact the friendly team at email@example.com or instantly via the chat feature on the Equitise website.