Mauritius : FinClub connects lenders and borrowers

By : Adoni Conrad Quenum

Date : vendredi, 25 novembre 2022 13:05

The solution helps Mauritians in need get loans and individuals help their compatriots while making small profits in the process. 

FinClub is a fintech solution developed by a Mauritian eponymous start-up, launched in 2018. It allows users to borrwwo money directly from other users with no middleman in the process.

“FinClub acts as a facilitator to connect Lenders directly with Borrowers. Using a seamless and fully automated online platform, with minimal overheads, we pass on the savings to Borrowers who get competitive loans and to Lenders who get higher interest rates,” the startup explains on its website.

To access its services, users can register their accounts, either as lenders or borrowers, via the solution’s mobile app -accessible for Android and iOS devices-. Then they need to upload the required documents.

Once fully verified, borrowers can start borrowing funds for emergency purposes and lenders can put their money to work as FinClub connects to “credit-worthy” borrowers.

Currently, the solution’s Android app has been downloaded more than a thousand times on PlayStore. In 2022, FinClub was selected along with seven other Mauritian startups to take part in Viva Technology, one of the European most important tech events that help gain national and international exposure.

Adoni Conrad Quenum


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