T

he Brief

Pier is a Credit-as-a-Service API built for speed & flexibility that allows companies to ship credit products quickly and seamlessly to users

Founders

Jess Zhang

Alex Hegevall Clarke

Y Combinator (W23) Just Launched

Launch YC: Pier - The fastest way to ship your own loan products 🚀


David J. Phillips @davj / 9:00 AM PST • January 26, 2023 

Pier has constructed an API that facilitates the launch of credit products, enabling any business to provide credit by managing origination, underwriting, compliance, and servicing with minimal code.

Image Credits: Pier

‎With Pier, companies can offer credit to their borrowers within their own app, while Pier's API seamlessly handles all operations behind the scenes.

Image Credits: Pier

‎Launching a credit product in the US can be a daunting task - it involves building a lending function from the ground up, incurring millions of dollars in costs for obtaining a bank charter. It can take months or years to implement. These challenges can impede the growth and profitability of a company and may not align with their core competencies. Using Pier, companies can launch their own credit products in a matter of weeks!

Image Credits: Pier

Speed is the key to success - the platform and implementation process are optimized to allow for a swift launch. Plus, it's built for developers, and the API-driven platform offers flexible modules to support the development of innovative credit products. With Pier, you have a compliance partner handling the most challenging compliance & licensing burdens so that you can focus on more critical aspects of your business, like your customers.

How does it work?

Image Credits: Pier

If you’d like to use the platform, Contact Pier

Posted 
January 30, 2023
 in 
Launch
 category
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