- Joined
- Oct 2, 2021
- Messages
- 173
- Thread Author
- #1
Username Admin23
Discord Username gameerpeerson/Khan of Cockroaches
Total Playtime A little over 24 hours last time I checked
Company Name Redmont Finance House
Company Registration Link -
Company Size 2-5 employees
Where is your company based? Willow
What industry does your company serve? Wholesale/Retail Trade
What grant are you applying for? Start-up Grant
What problem does your business solve and what makes you different from competitors? The problem that the Redmont Finance House solves is it takes an ethical approach to banking and does so with two main foundational principles:
1. Sharing of profit and loss; and
2. The lack of payment or charging of interest rates.
This allows us to be partners with the people we loan money to, and our depositors will have a slice of the profits too.
How do you plan to generate revenue to scale up your business and is your long-term vision for the company? I plan to gain deposits and invest them in stable echo stocks (we will not gamble with options contracts) and loan to businesses and for mortgages.
What is you and your team's experience and expertise? I personally have a Master’s Degree in economics and have taken many finance classes to go with, so I am very experienced, and my team is also educated in the finance arena as well. We plan to have a small but high powered team.
How will you use the grant funds, and what impact do you expect them to have on your business? I will use the funds to get operations started and give some funds to invest and to pay wage costs while we’re still small.
Discord Username gameerpeerson/Khan of Cockroaches
Total Playtime A little over 24 hours last time I checked
Company Name Redmont Finance House
Company Registration Link -
Company Size 2-5 employees
Where is your company based? Willow
What industry does your company serve? Wholesale/Retail Trade
What grant are you applying for? Start-up Grant
What problem does your business solve and what makes you different from competitors? The problem that the Redmont Finance House solves is it takes an ethical approach to banking and does so with two main foundational principles:
1. Sharing of profit and loss; and
2. The lack of payment or charging of interest rates.
This allows us to be partners with the people we loan money to, and our depositors will have a slice of the profits too.
How do you plan to generate revenue to scale up your business and is your long-term vision for the company? I plan to gain deposits and invest them in stable echo stocks (we will not gamble with options contracts) and loan to businesses and for mortgages.
What is you and your team's experience and expertise? I personally have a Master’s Degree in economics and have taken many finance classes to go with, so I am very experienced, and my team is also educated in the finance arena as well. We plan to have a small but high powered team.
How will you use the grant funds, and what impact do you expect them to have on your business? I will use the funds to get operations started and give some funds to invest and to pay wage costs while we’re still small.
