Expand your customer base while better managing your credit risk
SympliFi provides lenders a digital risk management tool to enable you to lend to customers by securing a cash collateral from the borrowers’ family member or members anywhere in the world.
We secure and manage the collateral on your behalf so you can focus on growing your business.
How it works - Quick and Simple
Sign up as a user
Set up your account in minutes, subject to KYC validation.
Submit a guarantee request
If a potential borrower has a relative in the U.K. that is willing to guarantee the loan, fill out a quick form with the guarantor’s details.
We notify the guarantor(s) and secure the cash collateral
Guarantor completes acceptance process in minutes and funds the collateral, which we place in a custodian account on your behalf.
We manage the collateral.
We hold the collateral for the duration of the loan. If the borrower defaults, we deduct the amount owed and transfer it to you.
Contact us to find out more.