Pavlodar Startup Raises $500,000 to Launch Service in New York
Kazakhstan's company KuickTech, a participant in the Astana Hub technology park, has secured $500,000 in private investment to launch their fintech startup Avoloan, which focuses on loan refinancing. Founded by programmers from Pavlodar, Avoloan aims to help Americans manage their credit card debt through a debt refinancing service.
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"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.
Comments 7
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Alexandr Timofeyev · Aug. 26, 2024 11:42
🔥🔥🔥
Асылбек Аленхан · Aug. 8, 2024 13:08
Ждем мобильное приложение и для казахстанцев.
Aibat Mukhammetzhan · July 25, 2024 15:06
snlsklf
Aibat Mukhammetzhan · July 25, 2024 15:06
s;kfsd;fks
Adam Corner · July 24, 2024 15:15
👍
Zhasmina Dybysbay · July 23, 2024 15:37
Проблема с кредитами есть не только в США, но и у нас. Может когда-нибудь они запустят продукт и на нашем рынке...
Бақдәулет Есназаров · July 23, 2024 14:34
!