Relationship-Based Lending Platform Zirtue Opens Platform for Businesses With New Alternative Payment Solution | Texas News
DALLAS, December 7, 2021 / PRNewswire / – Today, Zirtue, the world’s leading relationship-based lending app with a mission to foster financial inclusion, officially announces the launch of their Alternative payment solution for companies. The solution allows businesses to use Zirtue as a payment option for their customers to pay their invoices directly through the platform. With low or zero interest rates and the ability to secure a loan without impacting consumers’ credit scores, the Zirtue platform opens up options for a business’s customers – helping them collect payments in a timely manner. while avoiding high interest debt situations for consumers. The new feature has been in stealth mode with Fortune 500 partner companies in the energy, medical and telecommunications industries since early 2021 and is now widely launching the B2B product feature.
For its business partners, Zirtue stands at the crossroads between two major issues: someone needing a financial lifeline to pay their bills and a business struggling with bad debt. Partner companies use Zirtue’s alternative payment solution to enable people with delinquent accounts to apply for loans from friends or family members to pay their bills directly with Zirtue’s patent pending technology. More so, this feature will help businesses better support their customers and deliver a more financially inclusive customer experience with affordable payment options.
âZirtue’s alternative payment solution offers a new level of convenience to those who live in underserved communities and those who are simply struggling to pay their bills due to an unexpected event in their life. As we reinvent loans, borrowings and bill payments, we work with our partner companies to reduce collections and meet their customers’ basic needs – like keeping their lights on, having the internet at home to complete their education, or pay for necessary medical procedures, âsaid Dennis cail, CEO and co-founder of Zirtue. âWe partner with businesses to provide viable payment options to their customers, which in turn enhances human dignity and financial freedom, while creating a better customer experience and supporting the bottom line for our partners. “
Only 39% of Americans can afford a $ 1,000 unforeseen expenses and more than 80 million Americans have struggled to pay their bills during the COVID-19 pandemic, leaving many in dire straits and struggling to make ends meet. Zirtue’s alternative payment solution will allow struggling Americans to rely on friends and family when they need it most and give loved ones confidence that borrowed money will be used for its intended purpose, increasing thus their probability of lending. On the Zirtue platform, loans used to pay bills directly are twice as likely to be approved by loved ones, proving the responsibility and trust provided by Zirtue’s alternative payment solution.
Zirtue simplifies loans with friends, family and trusted relationships by turning informal promises into structured agreements and automating the repayment process. With its alternative payment solution feature, Zirtue offers increased accountability and confidence to lenders by allowing loved ones to send their loan directly to Zirtue partner businesses, making family loans more reliable and accessible.
Businesses can learn more and sign up for Zirtue’s alternative payment solution at zirtue.com/for-businesses.
Zirtue is the world’s first relationship-based lending app, simplifying loans between friends, family and trusted relationships by turning informal promises into structured agreements and automating the repayment process. Zirtue’s mission is to foster financial inclusion and freedom, one relationship at a time. Based at Dallas, Texas, Zirtue finds himself at the crossroads between two major issues: someone needing a financial lifeline to pay their bills and a business struggling with bad debt. Partner companies use Zirtue as an alternative payment solution, allowing people with delinquent accounts to apply for loans from friends or family members to pay their bills. Zirtue raised $ 6 million in the financing of VC and more than $ 40 million in loans were processed on the platform. You can find out more about Zirtue on www.zirtue.com.
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