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Buddyinterest : Social Financial Network

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We had a nice chat with Mr. “Johnson Charles”, C0-Founder of the India-based start-up “Buddyinterest” about his Company.

Below is the interview :

1. What is it exactly that you do and what your start-up is all about?

Buddyinterest is all about contributing to the ‘common good’ in a financial sector that thrives on luring individuals with usury rates.
By connecting individuals to one another, we help them create a social financial network to discover loans at lower interest rates within their network. This means that individuals lend and borrow within their trusted network, thereby helping them avoid high bank rates and saving them from the clutches of payday loans.  Cluing folks in on hidden bank charges and hidden fees and enabling them to save 12% more on a monthly basis through soft loans from their Buddyinterest network.
Buddyinterest takes out the hassle in procuring low cost loans from your network by providing a secure and transparent platform.

2. When has your startup been founded? And what stage is your startup currently at? [Read more…]