A technology enabled platform that helps build and facilitate communities of like-minded people in optimizing utilization of financial resources, in effect helping the community grow financially.
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Individuals and enterprises form Circle of Trust to engage in exchange of goods in a mutually benefiting arrangement. Traditionally, members are family, friends and social acquaintances while new members join based on reputation and introductions. Friance helps stretch the circle beyond imagination by leveraging technology. |
Members of Circle may exchange capital. Investors earn interest safely by letting known and reputed entrepreneurs put investor’s hard earned money to good use. Similarly, Entrepreneurs command the interest rate they are willing to pay, suiting the risk, return and reputation profile. Entrepreneurs and Investors change hats during cyclic business capital cycle, settling on an equilibrium right for the Circle. |
Make use of personal savings or short term capital surplus from business for earning rich returns with minimal risk. Lending it for short terms to worthy enterprises built by hardworking entrepreneurs in your Trusted Circle. The Enterprises grow and happily share profits in the form on interest.More trending_flat |
Define the destiny of your business by establishing your reputation in your Trusted Circle. Tap on resources from within the Circle to augment working capital or for strategic investment in your enterprise. Better the reputation, lower the interest rates.More trending_flat |
Traditionally, circle of trust used to be only as wide as people personally know each other. Technology now enables stretching it beyond imagination. As such, there are far more opportunities for members of such a club than ever before – far more capital is available for hard-working individuals building worthy enterprises. |