2. What is flendr?
flendr is an online platform that allows people
to:
• Lend money between family and friends
• Group Collections
• Fundraising
3. How it Works?
• Create an account and your own personal page for
whichever purpose you need it for.
• State the details what you are raising money for or why
you are asking for money
• Then send it to your friends! They can make
contributions and you can write up an agreement if
you are loaning out money
• Then once you reach your deadline or money goal you
we will transfer the money into your account.
4. For Borrowers
• Set up. Create an account for money transfers and 'borrowing
activity' e.g deposit for a car. List how much you need, for how long,
frequency of repayments, and if you want to pay back extra 'thank
you’s' to your friends (an added % of what they lend).
• Invite friends and family. Send them personalised emails and links
to your Loan Page. We'll ping you every time a contribution is
received.
• Get funded. When you've reached your target, we'll release your
funds and automatically handle money transfers in and out,
repayments and reminders through your Flendr account.
5. For Lenders
• Set up. Your borrower will set up a Loan Page with flendr -
detailing how much they want, for how long, and the
repayment frequency. You can send a 'loan prompt' to get
the Page going.
• Lend. If you’d like to lend some or all of the loan, you just
go ahead and do that securely online.
• Auto reminders. flendr sends reminders when repayments
are due, receives the money and transfers it to you
according to the schedule you've agreed. Note that your
borrower might want to use their track record of good
repayments to help improve their credit profile.
6. For Collectors
• Set up. Create your collections page with as much detail as
you like, including if you expect a certain amount per
person.
• Tell everyone. Set up a flendr account so money can be
transferred, and send out your page link. Friends can click
through and contribute easily and securely.
• Get funded. You'll get alerts as contributions come in and
be able to check who has paid what in your flendr account.
When you've reached your target or end date, all the funds
will be deposited automatically into your bank account.
7.
8. For Fundraising
• Set up. From cake bakes to school swims, create
your fundraising page, describing what you're
doing.
• Promote. Send out your page link to friends far
and wide.
• Get funded. We'll email as donations come in
and you can check the details any time in your
Flendr account.
9.
10. Reasons to use flendr
• Borrowing and lending out money to friends and family
can cause unwanted tension and stress especially if
there is no contract or written agreement in place
• flendr sends out email reminders to notify the
borrower to pay you back and you will also receive
notification alerts whenever a transaction is made so
you can stay on top of all your expenses
• flendr is for everyone and we make it easy
11. flendr Fees
• For our services we charge a 2% fee from all
money raised and collected
• That’s just 20p for every £10
• As for lending money, we charge a £1 fee per
borrower
