Committed to being the leading fixed rate crypto-asset lending platform, Pledge is thrilled to announce they have signed a partnership deal with US-based leading construction SAAS company 247pro.com, which will allow clients to pay for home improvement loans with their crypto-assets as collateral.
Most homeowners lack liquidity with their properties. At the same time, they want to improve their standard of living by doing home improvements such as kitchen remodeling. Pledge provides a solution which allows borrowers to unlock the underlying value of crypto assets, and release the potential for collateralization. These loans grant homeowners the ability to accomplish home improvement projects.
Yesterday, Pledge announced that it has entered a partnership deal with 247pro.com, a leading construction estimate and management platform with hundreds of paying customers. According to Pledge, the partnership deal will allow the crypto lending platform to provide its clients with an opportunity to use their crypto assets as collateral to finance their home improvement projects.
“Pledge is a great crypto lending protocol, and with their service, hundreds of our customers (construction companies) can roll out programs like “Remodel your kitchen with 0 down” to their home owners clients. It can really speed up their decision making process, because most homeowners are house rich, but cash poor” said George H. Lee, founder & CEO of 247pro.com. “Homeowners can use their crypto-asset such as bitcoin as collateral to borrow money to finance their home improvement project. Together we are providing a great solution, and I believe there is a huge demand and we can help lots of people.”
The partnership deal between Pledge and 247pro.com will serve as an authentic game-changing way of connecting pos(point of service) loans to blockchain technology. Both parties assure they will build on each other’s strength. Pledge allows crypto holders and investors to take a loan from the Pledge ecosystem without actually selling their crypto portfolio to finance their pos loan for their home improvement projects.
Excited about the partnership deal, Tony Y. Chan, CEO of Pledge, said, “Together with 247pro.com, Pledge allows homeowners with crypto assets to take loans and finance their home improvement projects. Typically homeowners will take months to get a HELOC or home improvement loans from banks. There are long loan applications to be filled out, banks run credit checks against all borrowers etc. For Pledge, loans can be funded in less than 30 seconds. Borrowers do not have to fill out any loan applications, we won’t be doing any credit check or underwriting. Everything is automatic with smart contracts. We are expected to partner with 247pro.com to provide loan service to their clients”.