Case Study - Community-powered lending for financial inclusion
FamilyFund is a peer-to-peer lending platform that helps underserved communities access capital through social networks and community trust, with proper regulatory compliance.
- Client
- FamilyFund
- Year
- Service
- Platform development
Overview
FamilyFund identified a gap in financial services: millions of people lack traditional credit histories but have strong community networks. Traditional lenders overlook these individuals, but their communities know they're trustworthy borrowers.
We partnered with FamilyFund to build a compliant peer-to-peer lending platform that leverages social capital. The platform needed to handle KYC/AML requirements, integrate with banking systems, assess risk using alternative data, and provide a seamless experience for both borrowers and lenders.
Our solution implements a hybrid credit model that combines traditional financial data with social network analysis. The platform includes identity verification, automated underwriting, payment processing, and regulatory reporting. We built mobile apps for both iOS and Android, ensuring accessibility for users who primarily access financial services via smartphone.
The platform has facilitated thousands of loans, helping borrowers build credit histories while providing lenders with diversified investment opportunities and competitive returns.
What we did
- Platform architecture
- Mobile apps (iOS/Android)
- Payment integration
- Compliance systems
- Risk modeling
- Cloud infrastructure
Connectico's team navigated complex regulatory requirements while keeping the user experience simple and intuitive. Their technical expertise was matched by their understanding of our mission.
CEO of FamilyFund
- Loans facilitated
- $50M+
- On-time repayment rate
- 95%
- Active users
- 50K+
- App store rating
- 4.8