Faciit
Curated by SignalFintech offering credit builder loans to enhance consumer credit scores.
Overview
Faciit is a fintech company that focuses on credit builder loans designed for consumers aiming to enhance their credit scores. The loan amount is deposited into a secured account, allowing borrowers to establish a positive payment history through their repayments, which are reported to credit bureaus. This approach is intended to improve creditworthiness while also encouraging savings, as the loan amount becomes accessible at the conclusion of the loan term. Faciit serves both personal and business customers, offering loans that are described as competitive and fee-free, with fixed interest rates. The company utilizes technology, including open banking and machine learning, to evaluate creditworthiness, particularly for individuals with limited credit histories. Additionally, Faciit is working towards obtaining regulatory approval to ensure adherence to legal requirements.
Key facts
- Founded
- 2021
- Headquarters
- Edinburgh, United Kingdom
- Stage
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- Industry
- Financial Technology
- Sector
- Digital Lending
Business model
- GTM channel
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- 3 products and services
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- Commercial model
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Contact
- Primary office
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