Describe the company – the elevator pitch …
Flender.ie is about friendly p2p lending and borrowing, offering great rates on both.
How are you different?
We give both lenders and borrowers the freedom to choose their own interest rates while our unique engine marries and blends the interest demanded by lenders to match the rate a given borrower can afford to pay.
Why will the company/product do well?
We harness the power of social media to increase the relationship between lenders and borrowers which increases the sense of involvement and decreases the likelihood of default. Lending can be fun, as well as rewarding. We simplify the processes of formalising the relationship between lender and borrower.
— Flender (@goFlender) May 18, 2017
Where are you based?
When was the company launched
Two years ago although we only went to market earlier this year.
— Flender (@goFlender) April 27, 2017
What have been your biggest wins to date?
Getting FCA regulated in the UK and qualifying as a provider of IFISAs. Raising €500k on Seedrs in just five weeks.
What type of people (market segment) are you trying to attract to your product?
Ordinary switched on people with money to save and invest and would like a great return, while at the same time helping credit worthy businesses raise funds for expansion, new product lines, cashflow and more.
Tell us about your team?
The three founders are great friends who have worked together for years. Our skills and backgrounds complement each other and between us we cover the bases necessary to get an innovative technology and business like Flender off the ground. Now we have the proven product and funding in place we’re bringing on board industry leading specialists to strengthen compliance, sales and marketing, customer service etc.
Thank you everyone! pic.twitter.com/d1l6Trp2EO
— Flender (@goFlender) January 12, 2017
What are your long term plans for your product/company?
Flender.ie is a product that can take us, lenders and borrowers, as far as we and they want to go. We see ourselves shepherding it’s development and success in Ireland, the UK and elsewhere for at least the next five years.
— InvestDCSDC (@InvestDCSDC) May 19, 2017
What are your favourite tech gadgets?
iPhone and bottle opener.
What tech gadgets do you wish you could use to help you?
I wish I could use a standard cheap laptop but I got hooked on Applemacs years ago.
Anything else you’d like to add/we should have asked?
People with money to lend can earn 8 to 10.5% and until the end of August receive a further 10% cashback up front.
How do people get in touch with you?