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LoanSnap is a lending startup that makes people aware about dumb loans and protect them against it. It leveragesartificial intelligence to analyze a person’s financial situation and then provide them with loan options as per their needs.
LoanSnap offers a mobile app that enables users to scan their driver’s license or enter their address the last four digits of their social security number, answer few questions, to receive personal smart loan options. The online website also allows individuals to use the company’s website for consulting and receive loan options.
The company generates revenue from - 1 - Intrest gained from the loan provided to the customers 2 - Intrest gained from the mortage loan provided to the cutomers.
The company's mission is to help families to enjoy financial stability by delivering a technology that can see and analyze customers entire financial picture in real time then offer simple options that fit their family's needs today and into the future. (July 2018)
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