READ will help millions of borrowers to get out of the student debt trap. READ is the only provider in the market that offers a relevant and holistic risk assessment geared towards young student debt holders.
READ at the core is a risk manager. We put emphasis on the future earnings potential, the lower risk of unemployment & disability, the high degree of flexibility and behavioral factors of our young audience. As such READ does not rely on interest rates or credit scores. Once integrated into a financial product, READ offers a unique solution compromising of:
- an individually customized & adjustable payment plan tailored to each individual’s circumstances;
- an integrated savings plan, creating emergency funds and long-term savings;
- an embedded insurance pool, offering protection against unemployment and disability; and
- a financial wellness & planning tool to coach and incentivize borrowers.
We have invested well over 4000 hours in researching the market opportunity and identified a target audience of 5.6 million borrowers that would immediately qualify and benefit from our solution.