Finovate Demo Video Archives

Presenter Profile:

How they describe themselves: Loanio is an auction based, peer lending platform where individuals can borrow or lend money to each other. By cutting out ‘traditional lenders,’ and adding an auction based element, borrowers can get lower rates and lenders can get higher returns than other banking options.

What they think makes them better:
Loanio believes we will foster a greater level of security and confidence from lenders, provide access to a significantly underserved borrower market, and consequently increase the average number of loan originations. Some of the site’s highlights include:

• A Co-Borrower (co-signer) feature, which will give all borrowers, regardless of their credit profiles, the ability to participate.
• An ID and Financial Document Verification service that will provide lenders with enhanced qualitative data on borrowers.
• A feature that allows borrowers to originate a loan when less than 100% of the requested loan is successfully bid upon.

Contacts:

Bus. Dev.: Mark Scott, mscott@loanio.com
Press: Jason Andrews, jandrews@loanio.com