Friance
Curated by SignalTrade finance platform enabling capital exchange and community support for businesses.
Overview
Friance operates in the fintech sector, focusing on trade finance solutions designed to improve working capital for businesses. The platform provides access to short-term financing linked to trade activities, specifically for companies engaged in importing and exporting goods. It serves both individuals and enterprises, facilitating connections among members to exchange capital, where investors can earn interest by lending to established entrepreneurs. The platform incorporates community building and reputation-based funding, offering reduced interest rates to borrowers with a strong credit history. By utilizing technology, Friance aims to mitigate the issue of limited capital access, assisting businesses in managing cash flow and promoting growth.
Key facts
- Founded
- 2014
- Headquarters
- Nagpur, India
- Stage
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- Industry
- Financial Technology
- Sector
- Digital Lending
Business model
- GTM channel
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