Pitch for IOU
Company / App Name: IOU
What does it do?
IOU is a FREE app that formalises debts and loans between friends, each acknowledged before recorded with timestamped request, acknowledgement and payment dates. Customise each IOU’s amount, reason, due date and payment with categorisation.
Why do we need it?
You will never forget a debt again – both the creditor and the debtor have to acknowledge an IOU before it is put on record!
Who is it for?
Lenders, Borrowers, Casual Gamblers
What makes it stand out from the crowd?
IOU will always be free to use and involves user authentication from both the lender and the borrower for greater answerability.
What’s next?
Round routing of debt requests and online payments.
