Investment Opportunity within Consumer Finance Sector – (Ref: 2198)
A UK based financial services business start-up is looking to shake up the domestic £50 billion a year consumer credit market.
Standing aside from the traditional pull-based card solutions and their inherent flaws, it is developing a ground-breaking new payment solution that builds on the latest distributed ledger technology to instantly push credit directly to customers’ smartphones, enabling retailers to provide on-the-spot digital credit to qualified customers seamlessly at the point of sale.
The solution operates totally independently of traditional pull based legacy payment card schemes that are prone to technical declines, chargebacks, data breaches and increasing levels of fraud.
Building further on the intrinsic advantages of push-based payments, both consumers and participating retailers stand to benefit from a frictionless and secure checkout experience whether shopping online or in-store.
The management team combines 70 years of specialist expertise and innovation in the design, specification and distribution of specialist payment services.
Revenue streams derive from Retailer subscriptions and consumer interest payments.
Investment required: £1 million in return for equity
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Reference No: 2198