120,000 dollars from a business angel went to Taplend, a Ukrainian project allowing people to lend money instantly via the Internet (ain.ua). The company’s assets were estimated at the level of 600 thousand dollars. Universities of Berkeley and Stanford will be used as test playgrounds.
Taplend creates an opportunity to lend money in just a couple of clicks. The service is supposed to solve two burning issues of borrowers: slow process of money and high lending rate. The designers combined Peer-2-Peer and Payday Loan loaning models, which simplified the very loaning process. The team says it is the main competitive position of the project.
Taplend is currently under development; the designers are now working on apps for iOS and Android.
The project was created and developed by Viktor Ihnatyuk and Serhiy Matchuk. Ihnatyuk previously worked on uCredit, the mutual micro loaning system, while Matchuk worked as strategist for Aimbulance, Ukrainian digital agency.