New fintech Wisely Money aims to connect lenders and borrowers
A new fintech start-up has arrived in London aiming to give people “the power to build trusted relationships”.
WiselyMoney offers to connect informal borrowers and lenders
Wisely Money plans to digitise what it calls the “informal lending” market by allowing its users to offer short-notice capital to each other.
The firm says it wants to help facilitate transactions between friends and families. It offers a chat service where agreements can be signed and amended.
The fintech then provides “a full record of activity” between a borrower and lender, and offers both open and closed agreements.
Wisely Money is the brainchild of CEO Dhavarajh Frank, a former chief operating offer at Bank Leumi UK, and chief technology officer Jacek Dominiak.
Frank spent three years at the bank, and has since been appointed general manager for banking and financial services at Eurobase.
Dominiak describes himself as a technologist with a background in “mission-critical infrastructures within civil agencies and national governments”.
