Goldfinch Announces $2 Million Transaction with Fazz Financial: Providing Users with a High Annual Interest Rate

03/27/2023 00:48 • Metaverse & Beyond • 66 views

According to reports, the decentralized lending agreement Goldfinch will launch a $2 million transaction with financial technology company Fazz Financial, providing users with a fixed annual interest rate of 13% USDC, supporting 90 days of redeemable loans, and providing 60 days’ notice.

Goldfinch to launch a $2 million deal with Fazz Financial

The decentralized lending agreement, Goldfinch, announced its partnership with financial technology company Fazz Financial in a transaction worth $2 million. This partnership is set to provide users with a fixed annual interest rate of 13% USDC, with 90 days of redeemable loans, and 60 days notice.

What is Goldfinch?

Goldfinch is a decentralized lending agreement built on the Ethereum blockchain technology. The company was founded in 2020, and its core objective is to provide loans to financially marginalized individuals and small business owners without access to financing.

The Deal with Fazz Financial

Fazz Financial is a financial technology company that offers a wide range of digital financial services, including an online lending platform. Goldfinch will partner with Fazz Financial to provide fixed annual interest rates for loans issued within the Goldfinch system. The partnership will strengthen the financial services offered by Fazz Financial by providing a more diversified range of loan products to users.

Fixed Interest Rate at 13%

The new transaction will provide users with a fixed annual interest rate of 13% USDC. This is a highly attractive rate compared to traditional lending models, where interest rates often fluctuate or are much lower. The partnership will allow Goldfinch to expand its loan offerings, enabling more users to access its decentralized lending platform.

90 Days of Redeemable Loans

The Goldfinch and Fazz Financial partnership will provide users with 90 days of redeemable loans. This means that users can take out loans and repay them within 90 days. This model offers more flexibility for users, enabling them to repay loans at their pace and convenience.

60 Days’ Notice

The partnership will provide users with 60 days’ notice period before any loan repayments are due. This will help users plan and manage their finances better, giving them ample time to prepare for repayment.

Conclusion

The partnership between Goldfinch and Fazz Financial is set to revolutionize the lending industry with its fixed interest rates and redeemable loans. This innovative model will provide better access to loans for individuals and businesses without access to traditional financial services. Goldfinch continues to demonstrate its commitment to promoting financial inclusion by partnering with other organizations to expand its loan offerings.

FAQs

Q: What is Goldfinch?
A: Goldfinch is a decentralized lending agreement built on the Ethereum blockchain technology that provides loans to financially marginalized individuals and small business owners without access to financing.
Q: What is Fazz Financial?
A: Fazz Financial is a financial technology company that provides a wide range of digital financial services, including an online lending platform.
Q: What are the benefits of the Goldfinch and Fazz Financial partnership?
A: The partnership will provide users with fixed annual interest rates of 13% USDC, 90 days of redeemable loans, and a 60-day notice period before repayment. This model offers more flexibility for users and expands loan offerings to individuals and businesses without access to traditional financial services.

This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/metaverse/11647.html

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.