A checklist for developing and launching a micro-lending platform.
Identify specific borrower segments.
Research competitor offerings pricing and target markets.
Define revenue streams and cost structure.
Prioritize security and data privacy.
Ensure scalability and reliability.
Comply with relevant data security standards.
Consult with legal experts to ensure compliance.
Comply with licensing requirements in relevant jurisdictions.
Comply with data privacy regulations such as GDPR.
Use credit scoring algorithms and other relevant data.
Use online marketing social media and partnerships.
Address inquiries and resolve issues promptly.