By FintechNews staff
Today, Zirtue, the world’s leading relationship-based lending app with a mission to drive financial inclusion, formally announces the launch of their Alternative Payment Solution for businesses. The solution allows businesses to utilize Zirtue as a payment option for their customers to pay bills directly through the platform. With low or no interest rates along with the ability to obtain a loan without impacting consumers’ credit scores, the Zirtue platform opens up options for a company’s customers – helping them collect timely payments while keeping consumers out of high-interest debt situations.
For its corporate partners, Zirtue sits at the nexus between two major pain points: A person needing a financial lifeline to pay their bills and a company struggling with bad debt. Corporate partners use Zirtue’s Alternative Payment Solution to allow individuals with past-due accounts to request loans from friends or family members in order to pay their bills directly with Zirtue’s patent-pending technology. Even more, this feature will help businesses better support their customers and provide a more financially inclusive customer experience with affordable payment options.
“Zirtue’s Alternative Payment Solution provides a new level of convenience for those who are living in underserved communities and those who are simply struggling to pay their bills due to an unexpected event in their life. As we reinvent lending, borrowing, and bill payments , we are working with our corporate partners to reduce collections and support their customer’s essential needs – like keeping their lights on, having internet at home to complete their studies, or paying for necessary medical procedures,” said Dennis Cail, CEO and co-founder of Zirtue.
Zirtue simplifies loans between friends, family, and trusted relationships by turning informal promises into structured agreements and automating the repayment process. With their Alternative Payment Solution feature, Zirtue provides further accountability and trust for lenders by allowing loved ones to send their loan directly to Zirtue’s corporate partners – making loans to loved ones more trustworthy and approachable.