How is your business helping to solve the health, social, or economic challenges created by COVID19?
With current situations looming on peoples finances, Qoins has begun working with both lenders and consumers to offer easier and less capital intensive ways to make payments towards their debts as they search for work and begin to drive income. We are now working with non-profits like InCharge to offer FREE credit counseling to anyone needing help creating a plan or just to discuss options and solutions around their finances. To date we've helped pay off over $12M worth of debt and want to continue to help grow this number, while improving peoples lives.
Does your business contribute most to recovery, response, or resilience?
Recovery - we're positioned to support in the recovery of those directly affected.,Response - we're responding directly to issues caused or exacerbated by the COVID-19 outbreak.
What is the stage of your product development?
I have a market ready product/service. I have sold to customers.
What strengths does your team bring? Include skills and personal experience with the problem.
Qoins has 30+ years of experience in the financial sector. our Chief Regulatory officer has experienced a crisis like such to offer internal protocols as well as outbound solutions for customers. Christian has studied business mgmt while Nate has studied software development while also starting 2 companies in the past. Nate and Christian closely align with their customers and understand the current pain points many are having regarding finances. Our team exemplifies resilience and has the ability to keep pushing forward even during hard times like these.
What countries do you operate in?
USA
Is your company headquartered in a US "Opportunity Zone"?
Yes
