Suretly

Suretly’s project was launched in June 2016 thanks to the Russian National Research University “Higher School of Economics” business incubator’s support. It also became its first investor. In the fall of 2016, the project team was selected for “Generation S,” which is the largest business accelerator in Europe. It became a Financial & Banks Technologies track finalist. Suretly began working on US market penetration in February 2017, and entered Starta Accelerator in New York. Suretly was nominated for the Benzinga Global Fintech Award in the “Best Lending Platform, Tool or App” category in April 2017. It is one of the most prestigious fintech international awards.

Suretly is a provider of an international crowd vouching platform. The company offers users an investment alternative called crowd vouching, which allows customers to make money vouching for people who need an urgent loan.
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Suretly is not a direct lender. All the loans are issued by lending partners, which are licensed micro-financing organizations. They offer their borrowers a new lending product, which is called “Crowdvouched loans”.
Each borrower needs to provide a few dozen guarantors in order to get such a loan. Each guarantor assumes responsibility for repaying a small part of this loan in the case of the borrower’s default.
Thus, Suretly’s users (vouchers) act as a collective body in making a decision on the approval or denial of a loan’s issue.