"Credit card debt in the US is a major issue. On average, Americans have about four credit cards with interest rates around 30%. Our solution offers a convenient and effective way to address these financial challenges" said Maxim Pisegov, co-founder of Avoloan.

With 167.2 million credit card users in the US and average annual interest rates between 22-26%, the financial burden on consumers is significant. Avoloan plans to ease this by enabling borrowers to consolidate and refinance their debt under better terms, reducing their debt load and monthly payments. The mobile application is expected to launch in September 2024.

In addition to their business endeavors, the founders of KuickTech are actively supporting the development of young technological talent in Kazakhstan. Last year, they organized two student hackathons, with a total prize fund of 4 million tenge.