Kentai — Marketplace to Defer Bills or Earn Returns

@new_user_105bb6d671 Yes , that is correct. The community funds the bill on one side of the marketplace while the other side gets to defer their bill and protect their credit. The rate of return could be dynamic based on engagement on the marketplace so it doesn't skew to any one side resulting in either predatory lending or low returns that don't incentivize the supporters trying to earn more yield than conventional avenues such as a savings account. Thanks for the comment and the question. Much appreciated :-) !!

@builder4life 1) Who do you think your first 10 customers look like? - Our first 10 customers are likely individuals looking for flexible and reliable ways to manage their monthly utility, gas, or phone bills. They might include: Young professionals or gig workers: People with fluctuating income streams who occasionally need short-term flexibility to balance their essential bill payments without penalties or disruptions to their services. Budget-conscious families: Households aiming to stay on top of their monthly utility and phone bills while managing other financial commitments. They value predictable, manageable payment options to avoid late fees or service interruptions. Tech-savvy individuals: Customers who are comfortable trying new, community-driven financial tools and appreciate the transparency and ease of use Kentai offers over traditional credit or loan solutions. Urban renters: Renters who face high living costs and occasional cash flow challenges, using Kentai to maintain their essential services like electricity, gas, or internet while managing other priorities. These customers perhaps are not necessarily in financial distress—but they might simply be looking for smarter, more flexible ways to handle recurring bills during tight months. Starting with utility, gas, and phone bills provides a clear, relatable use case for early adopters, allowing us to gather meaningful feedback and refine the platform before scaling to other categories. 2) Is there a way to create a community around this to create distribution? - Absolutely. Community-building is central to our vision: Supporter Network: By building a network of supporters who want to "earn while helping." In time - we can gamify this with leaderboards, badges, and testimonials to encourage participation. Customer Stories: By highlighting real-life success stories (like Sarah in our example) to build trust and showcase impact. Referral Program: By introducing a referral system for both bill deferrers and supporters, incentivizing early adopters to grow the network. Localized Outreach: By partnering with local organizations and events to create a grassroots movement, encouraging communities to support each other financially. Over time, this approach can create a strong community-powered distribution flywheel. 3) Are there any legalities that you need to be concerned about either end? - Yes, there are a few key areas to consider: Consumer Finance Laws: We need to ensure compliance with local regulations on payment plans, lending, and interest rates. Although we avoid traditional credit checks, our payment deferral model could be scrutinized under consumer protection laws. Data Privacy: We need to safeguard user data in line with GDPR, CCPA, and other privacy laws. Any financial transactions or records must be handled securely. Marketplace Governance: For supporters earning returns, we will have to ensure transparency around risk and returns to avoid legal concerns around investments. Insurance/Disputes: We are considering mechanisms to manage disputes or defaults, ensuring clarity for both bill deferrers and supporters. We will work with legal counsels to proactively address these areas as we scale, ensuring compliance while maintaining trust.

@robin_goyal2 Thanks for the support and encouragement. Peer to peer lending does exist but I haven't seen it in this niche form where we are essentially trying to help people pay their bills to help them protect their credit score - while giving the other side opportunity to earn even with little savings that they would have otherwise put into lower returning savings accounts. We strongly believe in people's resilience where other players have turned their back citing "pragmatism". We are essentially building for the market that conventional players otherwise think of as risky and neglect for lack of volume on the other (supporter) side.