Cheers Financial

Cheers offers a secured installment loan product that reports monthly payments to all three major credit bureaus, enabling users to build credit history and improve credit mix within as little as 15 days. Customers choose from tiered monthly plans, pay a fixed 12.15% APR, and receive their principal back (minus interest) at the end of the term, with no hidden fees or early‑cancellation penalties. The service is FDIC‑insured and requires no hard credit check.

Traction 2/10

Los Angeles, United States · HQ

Founded 2024350+ followers

Data & Analytics
Applications
Financial Technology
Software Only

Updated 6 months ago

Funding

Funding not disclosed

Funding rounds are not available yet.

Founders

2 founders

Runxiong (Ken) Lian

Co-founder

Qing Yi Li

Co-founder

Product

Features

Cheers offers a secured installment loan product that reports monthly payments to all three major credit bureaus, enabling users to build credit history and improve credit mix within as little as 15 days. Customers choose from tiered monthly plans, pay a fixed 12.15% APR, and receive their principal back (minus interest) at the end of the term, with no hidden fees or early‑cancellation penalties. The service is FDIC‑insured and requires no hard credit check.