DALLAS, December 7, 2021 / PRNewswire / – Today, Zirtue, the world’s first relationship-based lending app with a mission to drive financial inclusion, officially announces the launch of its Alternative payment solution for companies. The solution allows companies to use Zirtue as a payment option for their customers to pay their invoices directly through the platform. With low or no interest rates and the ability to get a loan without impacting consumer credit scores, the Zirtue platform opens up options for a business’ customers – helping them collect timely payments. while protecting consumers from high interest debt situations. The new feature has been in stealth mode with Fortune 500 partner companies in the energy, medical and telecommunications industries since early 2021 and is now launching the B2B product feature widely.
For its corporate partners, Zirtue sits at the crossroads of two major issues: a person needing a financial lifeline to pay their bills and a company struggling with bad debts. Partner companies use Zirtue’s alternative payment solution to allow people with delinquent accounts to apply for loans from friends or family members to pay their bills directly with Zirtue’s patent-pending technology. Additionally, this feature will help businesses better support their customers and provide a more financially inclusive customer experience with affordable payment options.
“Zirtue’s alternative payment solution offers a new level of convenience for those living in underserved communities and those simply struggling to pay their bills due to an unexpected event in their lives. As we reinvent loans, borrowings and bill payments, we work with our partner companies to reduce collections and meet the essential needs of their customers – like keeping their lights on, having internet at home to finish their studies or pay for necessary medical procedures “, said Denis Cail, CEO and co-founder of Zirtue. “We partner with businesses to open up viable payment options to their customers, which in turn promotes human dignity and financial freedom, while creating a better customer experience and supporting our partners’ bottom line. “
Correct 39% of Americans can afford a $1,000 unforeseen expenses and more than 80 million Americans have struggled to pay their bills during the COVID-19 pandemic, leaving many in dire straits and struggling to make ends meet. The Zirtue alternative payment solution will allow struggling Americans to lean on friends and family when they need it most and give their loved ones the assurance that borrowed money will be used for its intended purpose, increasing their probability of lending. On the Zirtue platform, loans used to pay bills directly are twice as likely to be approved by loved ones, proving the accountability and trust provided by Zirtue’s alternative payment solution.
Zirtue simplifies loans between friends, family and trusted relationships by turning informal promises into structured agreements and automating the repayment process. With its alternative payment solution feature, Zirtue builds accountability and trust for lenders by allowing loved ones to send their loan directly to Zirtue’s partner companies, making loans to loved ones more reliable and accessible.
Businesses can learn more and sign up for Zirtue’s alternative payment solution at zirtue.com/for-businesses.
Zirtue is the world’s first relationship-based lending app, simplifying lending between friends, family and trusted relationships by turning informal promises into structured agreements and automating the repayment process. Zirtue’s mission is to drive financial inclusion and freedom, one relationship at a time. Based at Dallas, Texas, Zirtue sits at the crossroads of two major issues: a person needing a financial lifeline to pay their bills and a business struggling with bad debts. Partner companies use Zirtue as an alternative payment solution, allowing people with delinquent accounts to apply for loans from friends or family members to pay their bills. Zirtue raised $6 million in venture capital financing and more than $40 million loans have been processed on the platform. You can learn more about Zirtue at www.zirtue.com.
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