Credity

Angel / Pre-seed stage Financial » Asset/Financial Management
About
A short-term student loans financing platform that aims to increase affordability for students and profitability for universities in Latin America.

Industry
Landscape

$34B of revenue was generated by upper education institutions in Latin America in 2016. This accounts for a total student population of 20M at a 50% penetration rate. The total potential audience is 40M strong yet the high barriers to entry limit the number of current students. Assuming no growth in revenues or in penetration rates, Credity sees an $800M opportunity of which it could potentially penetrate $200M.

The
Problem

Low accessibility to credit limits the population's access to education and development opportunities.

The
Solution

We aim to provide a pay-as-you-go scheme where institutions can profit off their deferred revenues and students can ease off the economic burden of tuition. In further developments, we plan to optimize costs, minimize default risks and create credit-scores through the use of Fintech technologies.