Azkivam provides a credit and micro-lending platform that allows customers to purchase products like appliances and electronics on installment plans. By offering accessible credit solutions, Azkivam enables users to acquire needed goods and services through manageable payment schedules.
Funding
Funding not disclosed
Founders
Product
Problem
Many consumers in Iran lack access to credit for purchasing essential goods due to inflation and high prices, limiting their purchasing power. Traditional lending options often require extensive paperwork and collateral, making it difficult for many to qualify.
Solution
Azkivam is a financial platform that provides online installment loans, enabling customers to purchase a variety of products, including digital goods, appliances, and insurance, from partnered retailers. Customers can apply for credit and complete the credit assessment process online, often without needing a guarantor, by providing a "Sayadi" check. Once approved, users receive a line of credit to make purchases from Azkivam's partner network and repay the loan in installments. Azkivam aims to increase purchasing power by offering accessible and flexible credit solutions.
Target Audience
Azkivam primarily targets consumers in Iran who need access to credit for purchasing goods and services but may not qualify for traditional loans or prefer a convenient online application process.
Features
- Online application and credit assessment process
- Installment loan options up to 75 million Toman
- "Sayadi" check accepted as a guarantee
- Access to a diverse range of products from partnered retailers, including electronics, home appliances, and insurance
- Flexible repayment plans with terms of 12 or 18 months
- Integration with Blubank for streamlined credit access
- Online account management for tracking loan status and payments