System and Method for Provisioning Financial Transaction Between a Lender and a Borrower

摘要

The present disclosure relates to system(s) and method(s) for connecting entrepreneurs/borrowers with lenders. The system also maintains a mobile platform to enable the borrowers to generate a borrower profile by providing critical information associated with themselves and/or their enterprise. Further, a web platform may be used by the lenders to browse through different borrower profiles created by borrowers and select a profile to prospect lending opportunities suitable to their needs. Further, the system also provides the moneylenders with an analysis tool to assess and manage the credit risk, sign online loan contracts, and monitor its performance. Once a loan has been agreed, the system provides with the means for the lenders to disburse and for the borrowers multiple options to receive and repay money respectively including the option to employ virtual or cryptocurrency.

主权项

1. A method for enabling a financial transaction between a borrower and lender for provisioning and managing business loans, the method comprising processor implemented steps of:
capturing borrower data corresponding to a selected borrower; analyzing the borrower data and obtaining a creditworthiness score corresponding to the selected borrower in a database; allowing access to the creditworthiness score and the borrower data to a lender using a web-based application; enabling a direct communication and exchange of legal documentation between the selected borrower and a lender using a messaging platform; and enabling a transfer of funds from the lender to the selected borrower and scheduling repayment intervals of a loan and maintaining electronic records therefor.