Startup, New York, NY – 1/10/2017 employees
The product, on the one side, is a credit card that anyone can use, in any store, just like any other. The difference is that that card will have a much lower interest rates than the others that can be found nowadays!
On the other side of the equation, we will also be selling bonds backed by pools of these accounts, with attractive returns for investors - Watch our video for an explanation!
The business plan as we see it, is two fold. First and foremost, we are bringing the antiquated credit card industry to the world of online financial services. Currently, the lending world is moving away from traditional banking, and towards peer-to-peer lending. It’s time to evolve the credit card industry as well. Secondly, markets that have not been available to investors like you and me are suddenly within our reach. Here at Cardfundr, we plan on taking yet another market into the hands of retail investors – the asset backed security market.
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