Every day, thanks to microcredit, thousands of people replenish their budget in those minutes when this is especially urgent. In our service you will find only quality offers and the most favorable terms. Go to our online service and make sure. Loans save people in many difficult situations. That's just the usual standard loan issued a few days and not always such a time can suit a potential borrower.
To receive urgently money resources a person can by means of registration of so-called microloans. Immediately already from the name it becomes clear that such loans have a small size, and therefore will suit a person who needs an urgent receipt of a small amount.
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5 to 5. 5 percent of the revenues collected by the operation, meaning Think Finance and other third parties received an estimated 500 million to 700 million.
T he huge possibility for profit in this industry has caught the attention of Silicon Valley investors, who look at the people on the fringes of the banking system and see a huge potential customer base.
Almost 10 million American households have no bank account. A further 25 million households (almost 1 in 5) have a bank account but also use non-bank financial products like payday loans. Think Finance has benefited from this flow of Silicon Valley money.
Sequoia Capital (which famously funded Oracle, Cisco, Yahoo and Google) and Technology Crossover Ventures (which has invested in Facebook, Netflix, Spotify and Vice) have each backed the company. Through a spokeswoman, Technology Crossover Ventures declined to comment.
Sequoia did not respond to requests for comment.
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