Online Peer 2 Peer Lending Platform

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by Project Owner on Wednesday, March 15, 2017

Hello everyone,

I am not fixed in my mind on the name (m8Rates) and want to set out below some more details of the business.

The business matches lenders and borrowers in the credit card market.

Borrowers are currently paying circa 20% on CC debt and lenders (savers) are getting zero interest. The idea is to match them off and cut out the bank by peer to peer lending at a reasonable rate. The lender gets 10% and the borrower pays 10% win win.

The target loan size is under $10k and we are looking at short term no more than 180 days. This is small retail lenders and borrowers.

The marketplace website will look something like this site (individuals lending and borrowing to each other).

[Non image link removed]
The idea is that an individual saving $1,000 per month (and getting zero interest) could instead lend the money to a person with CC dept of $1,000 who is paying 20% interest...'let's split the diff at 10%' lender and borrower win...the Bank loses.

The name M8Rates implies two mates working together to help each other out...but I am open to a better name...even one of those 'no word' names if you have any better ideas.

Also any better wording for the tag line.


by Red Chile on Wednesday, March 15, 2017

Hi, I have submitted a logo, can you please check and please provide me your feedback.
Thank you.


by Project Owner on Wednesday, March 15, 2017

Hi TechBrain, Thank you.

The logo you provided is a little too playfull. I am looking for something more professional looking...have a look at www.moneyplace.com

Please have another go if you like. Look at my public message also as I am open to changing the name also if you have a better suggestion.

Thank you for your work.


by Project Owner on Wednesday, March 15, 2017

Hello All,

I made a mistake. To be clear.

The business name is 'M8rates' and the tag line is 'Matching Borrowers and Lenders'

But if you have an idea for a better name or a better tag line please suggest.

See my other email and updated brief for more details.

Thank you for all your work.

Best

Ian


by kate478 on Thursday, March 16, 2017

Hi Sir/Madam,
I want to ask if you will accept .psd(photoshop files) as final deliverable? and can you please share your email address?

Thanks & Regards
Kate


by Project Owner on Friday, March 17, 2017

Comment removed by DesignCrowd Admin


by B.Tibéri on Wednesday, March 22, 2017

Hi please leave feedback in private message, and please let me know if I am on right track or no. Regards B


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