I’m happy to announce that Kudols is preparing for its beta launch. This is the first of many more blogs to follow. We plan to keep our Members and those following us up to date on our development and launch efforts through blogs, tweets and video.

To kick things off…over the past several months we have been working on building the team, fleshing out the beta product and developing the lending platform. We have also spent many hours working with attorneys defining our compliance requirements for our state by state roll-out. Thank you DLA Piper! one of the best law firms in the world. However, none of this would be possible without the efforts of a great start-up team and advisors.

For those of you that may be asking yourself, “What is Kudols?”

The answer:

Kudols is an emergency loan investment platform providing an entirely new way for people to borrow and loan money in amounts of up to $1,000 in a social lending environment.  Borrowers get instant access to cash and lenders earn higher than average returns on their loan investment.

Our goal is to effectively reduce predatory lending while providing our lender investors with a moderate return and creating a reward system through this process that allows our members to contribute to their special Causes.

At the moment, we are currently accepting Beta Lenders to participate in investment loans when we launch our beta product. More to follow on the timing and registration process.

We look forward to building a company that fundamentally changes the way people borrow, lend and invest. Isn’t life wonderful.