The problem Simple P2P solves

Problems

The alternate investments are really distributed and difficult to use.

Hassle to take loans

In order to take loans too many documents to be submitted on multiple platforms and manually compared

Hassle to manage investments

Need to select specific loans to invest in. Need to understand different loan types and manually select each one

Low Flexibility

Money is locked in for the duration of loans and cannot be withdrawn before maturity

Solutions

AllInvest aims to bridge the gap between alternative investments and bank accounts

Accessible Loans

Anyone can use APIs to submit their information to all platforms in an instant.

Quick Loan Disbursement

With the help of Setu AA, the financial information of the user is readily available preventing the user from submitting different attachments/documents and also enables quick analysis for Loan Approval

Convenient Investments

Users can learn and invest in different types of loans on a single platform

Loan Pools

By creating a pool of assets we enable withdrawal anytime and better diversification

Challenges we ran into

Challenges

1. Development (Redirecting from WebView): While building the application we faced a little issue while implementing redirect from Setu consent WebView back to our loan application. We resorted to the slack dev help channel which solved our problem in less than an hour
2. Business: We had to figure out the solution to pooling user money while not coming under AIF regulation. We can get around it by randomly picking a set number of people per pool to put names on the lending agreement