About

Ecredit aims to be the first true fully digital direct-to-consumer loan broker. We are focused on the complete redesign of the loan receiving process to facilitate potential customers to get a loan and substantially decrease the time required. Ecredit employ a tech-enabled platform, which will give consumers the ability to get instant loan approvals online and avoid paper forms, manual reviews, bank visits and other brokers. Our goals: We want, by simplifying procedures and using new technologies, to save time and money on banks that lend (lenders) and the customer who wants to borrow. Our vision: To create a large and profitable company that will promote to consumers all kinds of loans from all banks in all countries. Our mission: To offer customers the opportunity to achieve their financial goals, such as the purchase of a property with financing, serving their needs without red tape.

Solution & Product

▶Electronic eligibility check, approval and rejection mechanism and electronic program selection. ▶KYC, Customer ID and authenticity of signature on the application, uploading their documents through the website. Plus an entry of their financial data made by them. ▶Mobile app, monitoring the progress of their application or any outstanding issues presented with updates in application on their mobile for changes in the stages of the application ▶Partner App, Easyhomepack partner access for customer tracking, financial and immediate actions where required ▶On line client access for: loans, real estate agents, notaries, lawyers, accountants, civil engineers, insurers, technicians of all specialties. ▶Throughout Greece, all specialties ▶Free package necessary for the purchase of property of professionals working with ecredit ▶All with special pricing for ecredit customers ▶Customer guidance throughout and at all stages of the process until they purchase, the property by phone, electronically and via mobile application

Innovation & Scalability

▶The services provided to the customer are divided into two categories. The free of charge: selection of a program by all banks with an advisory analysis of the customer's needs, application and approval on their site, information, shipments of contracts and supporting documents whenever needed accordingly. And the paid ones: packages easyhome 1, 2, 3 and 4 depending on their choice and their needs from simple mandatory services of third parties needed for the purchase and the possibility not to deal at all with the process and to process everything on their site. AI lending platform ▶Having been granted authorized access by our customers to their financial data (credit score) to the new independent authority of the Ministry of Finance, we will develop a software that will learn and optimize the approval rate of applications. The ultimate goal is to establish ourselves in the banking market using Machine Learning and AI as the most reliable data analysis and processing of loan applications before the customer goes to the bank. ▶Euro area households are continuing to borrow more to buy housing. The total outstanding amount of money borrowed from banks by euro area households for house purchase stood at €4.6 trillion in February 2020, which is approximately 40% of the euro area’s gross domestic product (GDP). The annual growth rate of loans to households has followed a positive trend over the last five years and stood at 3.8% in February 2020

Traction & achievements

02/2020 ecredit was founded 12/2020 On-line mortgage eligibility and pre-approval mechanism Software for managing sales, partners and partnerships accessible to partners First sales have been made 02/2021 Since the beginning we have had 45000 visits with a total of 1000 registered customers, of which 400 with strong interest (leads), 70 applied, 55 were approved, 3 have been disbursed and we have 13 ready for disbursement. (revenue per disbursement = ave 800€ )

Team & Why Us

Extensive banking experience of ecredit executives in customer service and product promotion Extensive experience of the entire start-up company team, accustomed to deadlines and meeting targets using the latest technology combined with planning skills in order to achieve maximum profit at the lowest time and expense cost Excellent internal communication with bank departments regarding information and promotion of their products. In depth knowledge of all financial credit tools available in retail banking

Funding Needs

Ecredit has not been funded to date as it has not applied to any fund. All the investment has been made with equity by CEO, Mr. Achillea Kalyviotis. We plan to apply for funding of up to €300,000 in the next 6 months and we are preparing for it. The funding will be used to plan the company's expansion into other forms of bank lending in similar ways, design credit score control of customers with AI, and plan its expansion to other countries and markets.