Wisefund E-mail: Time of mutual support

With this update we’re calling on people like you across the financial ecosystem to come together to help the most vulnerable during this crisis

March 27, 2020

Today another e-mail about COVID-19 this time from Wisefund

E-mail from Wisefund

We live in an unprecedented time in our history. The COVID-19 pandemic is having an impact on the health of our loved ones, the businesses we rely upon, the health of the global economy, and the way we live our daily lives.

As we all continue to navigate through these unique and evolving challenges, we want you to know that Wisefund is here for you and what we hope and trust the most, you are here for us and businesses we all together support.

With this update we’re calling on people like you across the financial ecosystem to come together to help the most vulnerable during this crisis. We all need to support our employees and our families. We must jointly look for ways to help businesses that create the ecosystem around us navigate the uncertainties.

Governments are showing support, sports stars are donating for local support, many today are stepping up to help, because no one business can do it alone. Crowdfunding is not an exception, we are part of a larger business ecosystem.

Coming together as a community supporting businesses

Lately, we launched a campaign and information about that was published on news portals

FintechBalticEU-Startups | Fintechnews

We’ve already received first applications and look forward to presenting them one-by-one to you once our review team goes through necessary analysis and checks.

What we’re doing is: taking priority review, taking no commission on review, offering lower commissions for successfully funded applications, listing as project for support with additional marketing and promotion on the projects, loan for 18 months at a fixed rate 10-13%, no fee early repayment option. The main incentive here is to filter out businesses that in other conditions were working flawlessly and being a good part of the economy, and now are going to struggle, but have a clear path to recovery with bridge financial support.

Lenders will be offered the following: fixed rates of return 10-13%, full transparency of the business, security in the form of commercial pledges, mortgages, personal guarantees (depending on each case), and, most importantly, possibility to support our own economy, support SMEs who are the heart of what we do (activity based businesses), where we spend time (places, restaurants, leisure spots), what we use (utility stores, apps, family owned businesses) etc.

We will be assessing how the businesses were operating prior to the current crisis and evaluating the strength of the supply chains and the time in business prior to the current crisis to understand how inherently robust the applying business is and how quickly it can revert to “Business as Usual” status once restrictions are lifted.

Currently, we’re not asking to throw funds in and wait for lucrative interest earnings. Instead, firstly take care of your savings and keep what you need in case crisis reaches you as well. But if you have something to spare, wait for the offers to come, and see which business you are ready to support. Because in addition to earned interest you earn much more as this is a time of mutual support.

We kindly ask you to share any of the above linked articles with your friends, co-workers, social friends etc. – maybe someone’s there owning a business in trouble, and they should know where to reach out to!

Leave a Reply

Your email address will not be published. Required fields are marked *