Social and legal service for the protection of the rights of debtors. We are making contracts void; by now we have made more than 1100 contracts void
An automatic legal service based
on MN is acting as a cheap and effective lawyer.
The model that already works in
Kazakhstan has proven to be
effective, and has no lawyers
actually being engaged at all.
Online lending companies
violate civil law by putting an extreme interest rate
Текущее состояние
We are making contracts void; by now we have made more than 1100 contracts void An automatic legal service based The model that already works in Online lending companies
on MN is acting as a cheap and effective lawyer. Kazakhstan has proven to be effective, and has no lawyers actually being engaged at all. violate civil law by putting an extreme interest rate
Рынок
Over 2 million online loans were issued in Kazakhstan, that amoutned more then 400 billion tenge. According to the First Credit Bureau, only in 2018 the amount of loans issued by companies online-lending amounted to 87 billion tenge.
Проблема или Возможность
Interest rate is extremely high and mostly illegal Borrowers receive threats from collectors Borrowers' credit history is wasted Borrowers can’t restructure loans Borrowers don’t know their rights and can’t get any legal service Borrowers are getting a new loan and get in an even worse condition
By lending with such a great interest rate Online lending companies already assume at the beginning that at least 40% to 50% of the money they lend will be non-refundabl, so they have an enormous non-collectible part of their loans on their balance sheet.
Решение (Продукт или Услуга)
An automatic legal service based on NN and Big data and Mediation platform
An automatic legal service based on MN is acting as a cheap and effective lawyer
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Mediation reduces interest rate to the mutually agreed between online lending company and the borrower. It will be 10 times less. Mediation helps online lending companies to collect the frozen debt, that can reach up to 50% out of the overall they lend
Конкуренты
There are a lot of lawyers that are indirect competitors, but they are using proper lawyers to suit someone, while we have no lawyers engaged at all
Преимущества или дифференциаторы
There are a lot of lawyers that are indirect competitors, but they are using proper lawyers to suit someone, while we have no lawyers engaged at all
Финансы
20-25% out of the Debt deduccted
Бизнес-модель
We are providing cheap and affordable legal service by making letigation process automatic through MN
Целевое назначение инвестиций
As far as business has proven to be sustainable for the last year and a half - we are fundraising money for company scaling