Bideg vs Richie Lending

create e-auction and get more savings

Buyers can share all the bids in detail like specification, technical drawings, cost breakdown etc. or buyers can just share suppliers’ rankings thus suppliers will know that they are competing in an ethical and equal opportunity platform.
E-auction bidders compete with each other in real time and have multiple opportunities to improve their price, encouraging bidders to offer higher price savings.

Richie Lending - an online lending broker that sells loans at BUY RATE.

Richie Lending - an online lending broker that sells loans at BUY RATE.

BUY RATE is a secret rate at which lenders give loans to brokers. Brokers then present loans at SELL RATE which is usually 10-14% higher. Imagine you are a business owner and applied for a loan with one of the major BUSINESS LENDING BROKERS. That broker sends your file to a number of lenders and gets back a variety of offers.

With a simple subscription, you get access to Secret Interest Rates only lending brokers had previously access to. Richie Lending saves you on average 14% or up to $20k on every single business loan. We automated everything. We were able to automate 75% of the process at my previous startup. We automated almost 95% of the process at Richie Lending. Everything from receiving your application, pre-qualifying you for a loan, accessing your bank account, submitting to lenders, receiving offers and even notarizing contracts is automated. As a result of automation, we spend 300 times less money to process a loan than any broker in the country; we also do it 200 times faster. That's why we can do it 100 times cheaper.

Location: New York, United States