Vladyslav Bilan
CEO
MyCredit
The startup offers a financial application that enables users to obtain instant loans directly to their bank cards through a streamlined online process. By automating interest calculations and providing 24/7 access, the application minimizes interest rates and significantly reduces the time required for loan approval across Ukraine.
- Applications
- Financial Technology
- Software Only
Updated 21 months ago
Funding
Raised to date
$3MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Funding rounds are not available yet.
Founders
Product
Problem
Many individuals in Ukraine face difficulties accessing quick loans due to lengthy approval processes and high interest rates associated with traditional lending institutions. This creates a need for a more efficient and accessible way to obtain short-term financial assistance.
Solution
MyCredit offers a streamlined online platform that provides instant loans directly to users' bank cards in Ukraine. The application automates the loan application and approval process, providing 24/7 access to funds. By leveraging an automated system and individual approach, MyCredit aims to provide quick access to funds with transparent terms and without hidden fees. The service offers a user-friendly interface and fast disbursement, making it a convenient option for those needing immediate financial support.
Target Audience
The primary target audience includes Ukrainian citizens over 18 years old with a valid Ukrainian passport, tax identification number, and a bank card issued by a Ukrainian bank, who require quick access to short-term loans.
Features
- Online loan application and approval process accessible 24/7
- Automated system for quick loan disbursement to bank cards
- Loan amounts up to UAH 18,000 for first-time borrowers, with potential increases for repeat customers
- Loan terms ranging from 2 to 30 days
- Transparent interest rates and no hidden fees, with a loan calculator available on the website
- Option to repay loans through the MyCredit website, payment terminals, bank branches, or Nova Poshta offices
- Customer support available via phone, email, and online chat
- Mobile application for convenient loan management
- Data protection measures, including PCI DSS certification