Payday loans is a 40 billion industry with around 100 million loans issued every year. An industry run by vultures who prey on the working-poor and other cash-strapped borrowers with excessive fees and an APR that runs between 390% and 550%.
We found a way to solve that problem by harnessing the power of the crowd and provide much needed cash without the sleazy practices of the payday loan industry. The borrower only pays a onetime fee of 5% of the total amount borrowed.
It's super hero product that saves the poor and fights the bad guys with the potential of disrupting traditional banking in the future.