Streamlined process for lending money to friends and family
Borrowing money from friends and family can be complicated and strain relationships. A startup could create a platform that streamlines the lending process, providing easy documentation, repayment plans, and transparent communication. This would simplify the borrowing experience and preserve personal relationships. Market size: According to a study by the Federal Reserve, Americans lend an estimated $500 million to friends and family annually.
Relationship preservation
United States
