LendSend

LendSend's mission is to enable lower income families who rely on remittance income cheaper and easier access to unsecured lending. RemitLoan is a platform that allows loan customers to apply for an unsecured loan, be pre-validated and credit scored and be offered a range of fiat-loan products from 3rd Party licensed and regulated lenders. RemitLoan bridges the blockchain and "brick-and-mortar" online lending world offering the decentralised security of the former and the far greater pool of lenders who currently work exclusively in the latter. Loan applicants will be able to apply for an unsecured loan, be pre-validated and credit scored based on both remittance and traditional credit data and be offered a range of fiat loan products from 3rd party loan providers. Loan companies hosted on RemitLoan will have access to a new, and lower risk set of pre-assessed customers and will ultimately provide the loan capital and debt servicing. Costs of acquisition (which can traditionally be c$100-$200 per loan) will also be much lower.