Borrowing money from friends, family or colleagues can be a difficult business to handle, so the 'Borrowist' platform aims to make the process easier and free from stress. The service enables users to create and log IOU transactions in order to keep all information clear and concise between all parties involved. This includes how much is being borrowed, what the repayment scheme is, due dates and more.
The 'Borrowist' platform will also provide automated emails to borrowers when a payment is due to eliminate the need for the lender to send out a personal message to request moneys. This could help to make the process of borrowing money on a personal basis less awkward and unpleasant by having details clearly laid out from the start.
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