Published On: Tue, Jun 20th, 2017

Suretly Brings Crowdvouching to the Lending Market, Announces ICO

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New York-based financing startup Suretly has announced that its crowdfunding campaign is set for July 2017 launch. Suretly offers a safe new way to obtain a personal loan, through its unique ‘Crowdvouching’ platform.
[Note: This is a press release.]
The system employs micro financing organizations, which backs groups of investors willing to vouch for lenders, covering any potentially unpaid debts. These groups of vouchers collectively cover the risk of the lender and all receive financial compensation, based on the credit rating of the borrower.
Unlike traditional P2P lending platforms which require investors to co-sign for a percentage of the loan, Suretly’s crowdvouching system requires a much larger number of backers to secure the loan and in doing so, substantially reducing the individual risk of all parties. Suretly is currently focused on short-term loans, and the platform has already been called the “Tinder for Microloans.”
The company’s ICO will give all investors an opportunity to purchase the platform’s SUR tokens and contribute towards the growth of the crowdvouching project. The crowdfunding campaign is expected to be successful after the company’s Pre-ICO raised over $350,000 in only 48 hours.
Suretly’ …

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