Credit UX: Starter Loans from Self Lender
Fintech Labs Insights
MARCH 4, 2019
Another more traditional route is a deposit-secured loan. Customers without credit can take a loan secured by their deposit, typically a CD. Enter Self Lender , an Austin, TX-based startup with $17 million in funding. Users apply for a $500 or $1000 CD-secured loan. As the loan is repaid, credit is established.
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