QuidCycle
To provide an ethical source of loans and investments to middle income families and individuals in order for everybody to accelerate their finances.
Headquarters address
Why We Do What We Do
We believe that all people should have access to good financial products. We also believe that the modern financial landscape does not cater well enough for todays society.
And we believe it is not so hard to achieve if we put our customers first and offer a new, ethical and innovative financial service.
What We Do
QuidCycle is an online financial services company. We work with all people, like you, and me, to provide refinancing of existing credit at reduced APRs. This could be credit cards, car hire loans, personal loans etc for which the bank is not really working with you. We also work with other people, that have money sitting in ISA's, or Savings Accounts, or Cash accounts, that actually is not earning them any money. We allow them to invest with us and earn higher rates (at time of writing, circa 6.1% / year).
How We Do It
We operate an online electronic marketplace that takes the money invested with us and uses it to fund the refinancing that our credit worthy borrowers are requesting. It's called Peer-to-Peer. We bypass the bank by creating contracts directly between the borrower and lender.
Who Are We
QuidCycle was launched in Nov 2013 by Frank Mukahanana. It has been bought since then by FKS Capital Partners in May 2016 to own the business outright 100%. We are presently a small team but looking to expand with the right team to build into and grow a modern, technology lead, customer centric business.