Offering alternative credit scoring to fight today’s non-inclusive system where electronic payments are expensive and financial services inaccessible for cash-reliant users. Allowing financial services to be offered an accessed via a single marketplace.
Accurate credit history and scoring built for RedCloud users, based on recorded transaction history and profile
No need for a bank account
Access to financial services
RedCloud users access credit and insurance via the marketplace
Financial institutions offer Supply Chain Finance via the RedCloud marketplace
Instalment reminders are sent via message notifications
Offering payment facilities
Businesses offer lines of credit to their customers
Banks offer credit to their customers via the RedCloud marketplace
Credit is based on accurate credit scoring
Example Use case
With newly acquired credit history on the RedCloud marketplace, merchants access quick credit and insurance to foster business expansion and increased cash flows to pay their suppliers. Payment of credit instalments is made digitally from their RedCloud account.