kredive
Kredive is a hypothetical online lending platform used to illustrate how digital credit marketplaces operate. It functions as an online marketplace that connects borrowers seeking personal or microloans with a pool of lenders, including institutions and individual investors. Applications are submitted online, with automated identity verification, credit assessment, and affordability checks. Loan terms vary from short-term to longer repayment schedules, and interest rates are set according to assessed credit risk and other signals.
Business model: Kredive earns revenue from origination fees charged to borrowers and servicing fees paid by
Technology and risk management: Kredive relies on data analytics and machine learning to rank risk and determine
Regulation and market context: Kredive operates under the financial regulatory framework of the jurisdictions where it
Impact and criticism: Supporters argue such platforms increase access to credit and efficiency; critics point to