Company / App Name: Zirtue
What does it do?
Zirtue is a relationship-based lending application that simplifies and manages loans made between friends, family and trusted relationships with automatic ACH loan payments.
Why do we need it?
Zirtue is not an application searching to solve a new problem; friends and family lend almost $200B annually through various means based on estimates by the Federal Reserve Bank.
Who is it for?
Zirtue, like most virtues, allows you to get access to the money & loans they need when you need it, from the people who know you best. Let’s face it, we all need a little help sometimes.
What makes it stand out from the crowd?
With many applications on the market where friends and family can send money to one another, there are no platforms that sets up any repayment terms.
We are providing anyone who has ever loaned or borrowed money with an option to take the awkwardness out of the situation while building a stronger commitment for repayment.