harshitsv67

4 ms·

1. 1.▲
   by harshitsv67 10y ago

   Thanks everyone for the great participation. Team Credy https://www.credy.in
2. 2.▲
   by harshitsv67 10y ago

   A fix was rolled out, you can also mail to founders@credy.in for lending opportunities. Thanks!
3. 3.▲
   by harshitsv67 10y ago

   Thanks for the comment. Good to know you are aware of India Stack. CIBIL still holds valuable information. We overlay that with other inputs using our own proprietary algorithm. Salary is a regular source of income, which improves repayment
4. 4.▲
   by harshitsv67 10y ago

   Yes we use a central database. Employer verification is done electronically. We can understand the apprehension. However, lot of things are digitising fast, and it is getting more difficult to do financial misconduct without leaving a trail
5. 5.▲
   by harshitsv67 10y ago

   1. Our pricing is mentioned here ( https://www.credy.in/pricing ). We believe that using automation and analytics well can contain costs significantly, and we being a marketplace model, can benefit from a lot of leverage in o
6. 6.▲
   by harshitsv67 10y ago

   The rates depend on the credit quality of the borrower which depends on their financials, credit history and income. Rates can be much higher in informal lending space (I have myself heard cases of more than 70% annualised rate, charged ove
7. 7.▲
   by harshitsv67 10y ago

   Thanks for the appreciation! Trust is indeed the biggest pain point in peer lending that we have focused hard to solve. 1. We guarantee 100% genuine and verified borrowers because of mandatory biometric authentication. This solves problem o
8. 8.▲
   by harshitsv67 10y ago

   Thanks for your feedback. We had both the fixes in our rollout today, they should be fixed soon. Happy that you liked the idea :)
9. 9.▲
   by harshitsv67 10y ago

   Thanks for feedback. We are working on website along with rolling out new features. The dashboard page you saw was a mockup that was for testing (hence had all numbers as 18). We are fixing it, thanks for pointing out. Actual default rate i
10. 10.▲
    by harshitsv67 10y ago

    We are the first P2P lending platform that uses end-to-end biometric verification to help eliminate fake users and impersonation. Peer lending is new to India, and recent financial digitisation has made the business and product offering mor
11. 11.▲
    Show HN: Credy – Peer-to-Peer Lending Platform for India(credy.in)

    65 points by harshitsv67 10y ago|56 comments