2021T2 VirtualTSM/Project Teams/Team 4

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Team 4

Team Photo Team 4 TSM2021.jpg
Team Members
Damian Er Zhong Ying, Sean Lam Song Kai, Shurti Thirunaukrarasu, Lim Zhao Wei (Wayne)
Project Name:
DeferPay
Team Page
Team 4
Company
Startup
Our Companies

Vision

Enabling you to spend wisely and smart (benefits of paying in installments)

  • Empowering one’s financial mobility/flexibility sustainably.
  • Mission Statement

  • Promoting financial mobility/flexibility by offering flexible credit options
  • Being the leading payment option for unbanked consumers in the SEA region
  • Problem Statement

    The number of payment defaults have seen an increase with 9% of buyers under current BNPL models not being able to pay up within the stipulated date. This is observed due to a lack in flexibility in credit options. Additionally, there are lower approval rates as current BNPL models only have a sole lender.


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