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Open Self-Declared Loss Platforms

COVID Credit Allows People to Prove Their Financial Losses

— May 6, 2020 — Business
A fintech company based out of the United Kingdom, named COVID Credit, has created a system that allows people to self-declare the amount of income they have lost due to the outbreak of COVID-19. The open solution could expedite the government relief process, as it streamlines one of the most time-consuming parts of providing financial relief. A working prototype was already created in a 48-hour period by the two founders.

Additionally, the system works with non-salaried workers and helps them prove the level of income they lost during the crisis. Users can apply by answering a few questions, and then they will receive a link they can use to prove financial losses.

Jamie Campbell, one of the creators of COVID Credit, spoke about the role the platform can play, "We believe Covid Credit can provide a crucial piece of the puzzle in identifying and validating the needs of freelancers and non-salaried workers affected by COVID-19."


Image Credit: Shutterstock
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