Dennis Cail is the founder and CEO of Zirtue, a fintech company pioneering in the $200 billion relationship-based lending market segment by automating the loan process between family and friends with payments going directly to designated creditors. The service is provided free for borrowers and lenders on a patent-pending online app platform in collaboration with a network of creditor partners keen to reduce bad debt losses. During 2021, Zirtue will also introduce a complementary debit card service targeted at the 25% of American households that are unbanked or underbanked.
We are delighted to invest in Zirtue due its strategic first mover positioning within an untapped market, its opportunity to scale quickly and its mission to drive financial inclusion. We are also pleased to join other like-minded investors in this institutional capital round.