Fintern July Update
A message from our founders
Finterners and Friends,
We are continuing on our journey to deliver a radically different approach to consumer lending, and we are on track to start lending towards the end of this year.
We have been working hard through the lock-down period. Since our last update, we have passed many key milestones: the Fintern App v1.0 is ready for user testing, we have reached the next stage of the regulatory authorisation process, our Open Banking engine is fully working, and our full-time team has grown substantially to over 10 people.
One thing that we've learned from Covid-19 is that Fintern is needed now more than ever. While household finances are getting ever more stretched, traditional lenders have significantly reduced lending to new customers. In this environment, we remain determined to deliver on our mission to expand access to low cost loans.
We still have a lot of work to do between now and starting to lend. We will need your help as we test and refine our lending App over the coming months. We will be reaching out to those of you who have signed up as beta-Testers to schedule testing and feedback sessions.
As our team grows, we are starting to put profiles on our website. So far we have added introductions of some of the key members of our executive team. More are coming, and we will update this regularly.
We've also added a Frequently Asked Questions
(FAQ) page to the website, addressing the major questions we have received so far.
We continue to be committed to helping consumers build better financial lives, making affordable loans widely available, and giving consumers the tools and insights to make better financial decisions. Thank you for your continuing interest, support and patience as we work to make this vision a reality.