How they describe themselves: Lomsy is a disruptive credit access business that works through a regulated lender license promoting financial inclusion for low scored Americans. A systemic approach to financial inclusion using data and information.
Through our technology we are building bridges between capital and dreams. A better understanding of the underbanked and underserved people, based on a robust platform, it’s going to allow us to scale up a business model that is sustainable and profitable.
How they describe their product/innovation: Lomsy is an ecosystem designed for people with low credit scores, yet huge potential to be trustable for the System.
Our commitment with our clients obliges us to have a reliable environment through which the client will be evaluated on the basis of fairer criteria, not just on the basis of what traditional scorings determine.
All this within a quick process that allows our clients to apply for a loan in a matter of 5 minutes.
Product distribution strategy: Direct to Consumer (B2C)