Traditional loan lenders have been a reliable source of funds for many borrowers for decades. However, the lending landscape has evolved significantly in recent years, and traditional lenders now face increasing competition from more efficient alternatives, such as the two-sided marketplace that Chris Harder is building in Frello. While traditional lenders still have their place in the market, potential borrowers demand faster, more modern-day options in the same way they have with transportation (Uber), housing (AirBnB), and even dating (Tinder). Enter, Frello.
Traditional lenders have stringent eligibility criteria that make it difficult for some borrowers to qualify for a loan. This can include credit history, income level, and employment status. Additionally, the application and approval process for traditional loans can be time-consuming and complicated, leaving those who have an urgent financial need without options.
Another drawback of traditional lending is that those with urgent needs are often left to choose from either predatory payday lenders or friends and family, neither of which is a great choice.
Revolutionizing Lending with Frello: The Latest Venture between Entrepreneurs Chris Harder and Matt Marek
Chris is a well-known entrepreneur, investor, and philanthropist with over 11 years of experience in lending as an executive and partner in banking. He has since been a driving force in creating four separate multi-million dollar businesses, each with its unique success story. On top of that, Chris has invested in and helped guide over fifteen other startups ranging from consumer packaged goods to tech, most of which have seen remarkable growth and success with his involvement.
On the other side of the coin, as much as Chris is known for his extensive experience in the world of business, he is also a passionate philanthropist who believes in giving back to the community. He has worked tirelessly to support various charitable organizations and personally donated over a million dollars to causes close to his heart. Chris's dedication to helping others is truly inspiring, and its no wonder his newest venture leverages generosity to help those with financial needs, and also those who are willing to "invest" in solving those needs..
Chris's most recent venture is co-founding Frello, which aims to revolutionize how we borrow and lend money. With Frello, Chris and his partner Matt (the famed tech entrepreneur who developed and sold the mental-health tech platform Good Neighbor) are focused on providing a hassle-free, instant approval loan service that puts the power in the hands of the borrower, by creating a two sided marketplace where potential lenders "bid" to fulfill the borrowers need. The platform is designed to streamline the lending process, making it quick and easy to apply for a loan, while providing unmatched returns to would-be individuals who act as short term lenders.
With their "no denials, just offers" approach, Chris and his team at Frello are poised to disrupt the traditional lending model and provide a more transparent, efficient, and borrower-friendly approach to loans. Frello is sure to be a game-changer in the world of finance as it takes the fear and uncertainty out of borrowing, and puts the control in the borrower's hands.
In addition to his work with Frello, Chris is also the host of the popular podcast, The Chris Harder Show, which has over seven million downloads and counting. Through his podcast, Chris shares his insights and expertise on entrepreneurship, investing, and personal finance, offering listeners valuable advice and guidance on achieving success in their financial lives.
Chris is a true innovator and leader in business, finance, and philanthropy. His dedication to helping others and his passion for creating positive change in the world have made him an inspiration to many. With Frello and his other ventures, Chris is poised to continue significantly impacting the world of finance and beyond.
Frello: The Future of Finance - Fast, Safe, and Accessible Personal Loans for Everyone
Frello, the new platform co-founded by entrepreneur Chris Harder and his partner Matt, offers a range of innovative solutions that aim to revolutionize how we borrow and lend money. One of the key benefits of Frello is its fast borrowing process, which allows borrowers to access funds quickly and easily without having to go through the lengthy and complicated application process often associated with traditional loans. Borrowers can apply for a loan with just a few clicks and receive multiple offers from "peers" willing to lend to them within minutes.
Another perk of Frello is its focus on empowering choice for all types of borrowers. Unlike traditional lenders, which often have strict requirements and limitations on who can borrow, Frello is designed to be accessible to many individuals, regardless of their traditional credit score or financial situation. Using a proprietary, easy to understand "risk score," borrowers choose from multiple loan offers made by individuals willing to make a short term loan, allowing the market to truly set itself for what that borrower deserves. This gives borrowers more control over their borrowing options and finding the best loan that meets their needs.
In addition to providing access to fast and flexible loans, Frello also aims to create new investment opportunities by bringing people and opportunities together. By connecting borrowers and lenders in a peer-to-peer marketplace, Frello can offer more competitive rates and returns while providing a platform for individuals to invest in and support one another.
At the same time, Frello is committed to ensuring that all loans are lent safely and responsibly. With security measures in place, including identity verification and fraud detection, borrowers and lenders can be confident that their transactions are secure and their personal information is protected.
Why are we excited? Frello offers an unmatched level of returns for lenders, with competitive interest rates and the ability to earn passive income on their investments. Lenders can enjoy the benefits of investing in loans while also positively impacting the lives of borrowers. Indeed, Frello is a peer-to-peer marketplace that addresses innovation needs within lending and banking. With its focus on fast borrowing, empowering choice, making money more accessible, bringing people and opportunities together, lending safely, and providing unmatched returns, Frello is poised to revolutionize the way we borrow and lend money and create positive change in the world of finance going forward.
