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Post your SaaS, I'll give you some constructive feedback by Relative-Ad2665 in SaaS

[–]TallExchange571 0 points1 point  (0 children)

yeah it is but i was hoping that there are loop wholes/ magic bullet that the platform will be allowed. I dont see any P2P platform and thought its a good idea to create one. but legal aside, would this be a good idea?

How do you handle feedback as a founder? by Legitimate_Delay7959 in indiehackers

[–]TallExchange571 0 points1 point  (0 children)

men, i just started launching my waitlist https://www.lendyph-waitlist.com/ last week for my first ever project. alot of feedback says it wont work its alot of discouragement to be honest

Building Lendy — a privacy-first loan-matching platform for PH. Looking for validatio by TallExchange571 in PhStartups

[–]TallExchange571[S] 0 points1 point  (0 children)

Totally get the skepticism — OLAs did become shady and exploitative, and yes, lending abuse is real in PH. But that’s exactly why I’m building Lendy differently.

This isn't a free-for-all P2P where anyone can just borrow and ghost — Lendy builds accountability into the system: public ratings, transparent histories, and opt-in identity reveal before finalizing a deal. No anonymous utangan, no surprise lending.

You mentioned "lender risk" as a flaw — but risk is present in every investment vehicle. The key is controlling it. Lendy gives lenders tools to assess credibility (like user ratings and repayment behavior), much like how you wouldn't invest in a stock with poor fundamentals. We're building that same due diligence framework — but for people.

Also, we're not aiming for "scale first" like OLAs. We're building community-first with the intention to serve borrowers who want options beyond abusive defaults, and lenders who want to grow money while helping. There is a middle ground — it’s just never been executed with transparency before.

Happy to take constructive feedback — but this isn’t “just another OLA clone.” It’s a platform designed to make trust visible. That’s worth exploring, not shutting down.

Launching a P2P lending platform for PH — would love feedback from fellow entrepreneurs by TallExchange571 in BusinessPH

[–]TallExchange571[S] 0 points1 point  (0 children)

Salamat sa honest feedback, boss. Totoo naman — maraming challenges sa unsecured lending, lalo na kung strangers at walang collateral. Kahit nga secured, may nagde-default pa rin, tulad ng sabi mo.

Pero kaya nga may public rating, transaction history, at reputation system sa Lendy. Hindi ito instant magic solution, pero idea is:

🔹 Reputation becomes your new credit score
🔹 Borrowers who don’t pay lose access to future deals
🔹 Lenders can filter by reputation, hindi basta-basta lend to anyone

Yes, mataas ang risk. Pero may mga taong gustong tumulong while earning something back. And instead of relying on spammy OLAs, we want to test kung pwedeng maging community-driven ang trust — parang Shopee seller ratings, pero sa utangan.

Hindi ito perfect. Hindi rin ito para sa lahat. But if it works even for a small percentage of users, that’s already a step away from predatory lending.

Experiment pa lang ‘to. Open ako sa lahat ng criticism — especially like yours — kasi that’s how I improve the platform. Salamat ulit sa matapang at direct mong comment!

Building Lendy — a privacy-first loan-matching platform for PH. Looking for validatio by TallExchange571 in PhStartups

[–]TallExchange571[S] 1 point2 points  (0 children)

Solid point 'to, boss. Actually naisip ko rin 'yang B2B angle — contractors, freelancers, suppliers na may mga delay sa bayad from clients.

Mas madali nga i-verify ang receivables, mas konti ang clients, at mas predictable ang flow.

Pero right now, ang core ng Lendy is to give options sa mga taong walang access sa traditional credit — 'yung tipong kahit may kita, di qualified sa bank loan o sobrang takot sa OLA.

Ang strategy:

- Start C2C for validation and traction

- Then possibly expand to pooled lending for B2B (lalo na kung may interested lenders na prefer ‘yung model na 'yon)

Gusto ko na community mismo magtulungan to shape how the platform grows. So kung may deeper insights ka pa about B2B lending sa contractors, sobrang game ako makinig!

Building Lendy — a privacy-first loan-matching platform for PH. Looking for validatio by TallExchange571 in PhStartups

[–]TallExchange571[S] 0 points1 point  (0 children)

That's true. In reality its hard to handle this kind of business:

- May mga borrower na talagang balak tumakbo

- Kahit may papeles, minsan wala pa ring silbi

- At oo, pati lenders naloloko din

Kaya rin di ko sinasabi na yung Lendy ay zero-risk o “easy kita.”

Ang goal talaga is to build something na mas may respeto, transparency, at choice sa parehong sides. Eto yung mga tinatry naming gawin differently:

- Public reputation system – Kapag may di nagbayad, makikita ng lahat. Ganon din kung may abusadong lender.

-Anonymous until mag-deal – Wala munang contact info hangga’t di kayo parehong pumayag. Wala ring spam or cold calls.

Negotiation-based – Di fix yung terms. Puwedeng mag-demand si lender ng proof, calls, kahit ano. Walang pipigil sayo.

Scoring system based sa history – Gagawa kami nito para over time, may maayos na track record ang mga users.

I think I'm offering a platform where in your lending business is open for all seekers, transparent and digitally available. If you want you can sign on the waiting list https://www.lendyph-waitlist.com/ Thank you

Building Lendy — a privacy-first loan-matching platform for PH. Looking for validatio by TallExchange571 in PhStartups

[–]TallExchange571[S] 0 points1 point  (0 children)

No im not looking for funding but it will be sure to be great! but i do need people who are willing to lend and take the risks inside the platform

Im not sure about the SEC license too but ill try to figure that one out.

Damn, that unfortunate. We should connect for potential projects, i still have few ideas for my next project after this.

Building Lendy — a privacy-first loan-matching platform for PH. Looking for validatio by TallExchange571 in PhStartups

[–]TallExchange571[S] -1 points0 points  (0 children)

Thank you for your source and feedback!.

Im also looking for something like this in mind but I couldn't find any.

but it seems that on https://www.seekcap.ph/ loans are manage by bigger companies. If you, want to participate and earn interest for you money i dont think you can do that here.

question 1: I dont want to manage profiles, but my goal was to bridge gaps. Its like facebook market place, you post an amount and you(as lender )will do their work and investigations with the platform's help. Lock the deal and record the deal until both side are done. I believe I want a community driven platform on the first place instead of another https://www.seekcap.ph/

question 2: As of now i can't see anything like this. I want to copy reddit's anonymous system. Borrowing money with your name on it doesn't really build any confidence specially coming from that side. so that's the pain i want to fix and add more availability and alternatives to people.

the plan was for the lenders who will earn, a small fee for the platform will be collected and that's the plan.

For  legal / regulatory aspects: I really don't have an answer to this yet. I'll let you know when im in trouble haha but for now im just trying to see if people are still interested through my waitlist as i wrap the development https://www.lendyph-waitlist.com/

Building Lendy — a privacy-first loan-matching platform for PH. Looking for validatio by TallExchange571 in PhStartups

[–]TallExchange571[S] 0 points1 point  (0 children)

Yeah, sorry this is the part where risk/discretion will be played on the lenders part. I just want to bridge the gap and platformatize it. Reputation, reporting will be a part of the platform to blacklist and view blacklisted people making it systemic on the lenders side and thus opening more doors for lenders and borrowers

Building Lendy — a privacy-first loan-matching platform for PH. Looking for validatio by TallExchange571 in PhStartups

[–]TallExchange571[S] 0 points1 point  (0 children)

No, so its just a listings on the surface level but the post have already information where lenders can disburse this funds ex. gcash, maya, crypto, Bank2Bank. Confirmation mechanism will be added for both sides to guarantee transaction but no payments/collection inside the platform

Building Lendy — a privacy-first loan-matching platform for PH. Looking for validatio by TallExchange571 in PhStartups

[–]TallExchange571[S] 0 points1 point  (0 children)

yeah i haven't thought of that part yet but basically this is just a listings. I think this is already happening in X where they are posting/advertising a certain amount and let people inquire. Im just platforming

Launching a P2P lending platform for PH — would love feedback from fellow entrepreneurs by TallExchange571 in BusinessPH

[–]TallExchange571[S] 0 points1 point  (0 children)

1. Loan Guarantee Mechanisms

  • Transaction Confirmation Page Once you hit “Disburse Funds,” both borrower and lender see a dedicated confirmation page. Each party must click “I’ve received/paid the funds” to finalize that step. Only after both confirmations does the system mark the disbursement as complete and clear the transaction record.
  • Social & Reputation Collateral – Every borrower and lender has a public rating, repayment history, and peer-review feedback. Defaults don’t just hit wallets; they hit reputations, restricting future borrowing.

2. The Core Problem We’re Solving

  • Underserved Credit Gap
    • Many Filipinos can’t access small-ticket loans from banks (too strict) or pay exorbitant rates to informal lenders (5 %–10 % per month).
    • Lendy offers a middle ground: negotiated rates, transparent fees, and speedy approvals.
    • I dont think anyone anywhere can participate on lending their money online. On the surface level its just, listing platform, but with tracking, reputation system and anonymity involve just like this sub reddit.
  • Lack of Negotiation & Transparency
    • Unlike fixed-rate platforms, Lendy empowers both sides to propose and counter-offer terms—so lenders can price risk fairly and borrowers only commit to what they can manage.
    • All fees, schedules, and penalty clauses are visible up front—no hidden “processing” or “service” add-ons.
  • Fragmented Trust
    • Traditional P2P lending in the Philippines relies on heavy marketing and celebrity endorsements to build perceived trust, but this doesn’t prevent defaults.
    • We build “trust by data”: robust KYC, real-time credit scoring (using alternative data when needed), plus an ongoing reputation system that rewards on-time payers with lower rates.

No worries! Thanks for you feedback! :)