Startups

Over the last few years, the hospitality sector is growing exponentially due to the introduction of online platforms. Although Uber started as an online cab booking company, over the years it has ventured into multiple industrial domains, from food delivery to hotel chains.

Now Uber is set to enhance the travel and staying experience of customers of the hospitality sector. With the hospitality sector becoming more competitive with each passing day, hotel businesses are adopting the new model to individualize themselves from the peers.

How Does Uber Business Model Work for Hotels?

Most of us might have an idea of how restaurants are driving their revenue after collaborating with Uber. Hotel owners have to spend fortunes to ensure that they get repeat guests and thus they go out of their ways to make their stays satisfactory. If you are running a hotel but the revenues have not been great lately, then you would need a business strategy for your hotel to achieve growth.

If you are planning to start a hotel booking business platform then we can do it effortlessly.

Here are some of the ways in which the business model will benefit your hotel business:

• Provide shuttle service

Every guest demands at least a pickup service to and from the airport, from the hotel, they are staying at. However, offering shuttle services for all the guests of your hotel might prove to be a costly affair for you. Since you would be responsible for arranging the pick up and drop facilities for all your guests, you will have to maintain several cars and spend on their fuel and maintenance and not to forget, on the wages of the drivers.

However, you will be able to cut costs if you partner with Uber as then you would not have to arrange for vehicles to provide transportation services to your guests. In this way, you will be able to reach new customers and provide VIP treatment to your existing customers and earn their loyalty.

• Requesting cab rides for customers

If your hotel servers business executives then you would have to enhance their experience by catering to their transportation needs. They would need to move across town seamlessly and they would expect you to make the necessary arrangements. Since it is not a feasible idea to rent a shuttle to follow them everywhere they go and thus you should start looking for alternatives for the professionals who are always on the go.

However, once your customers inform you about their travel requirements within the city, you can make arrangements for it on Uber. The best part is that your guests would not need a smartphone or an app to book on-demand rides. Also, they would not have to waste time booking their trips, as now you can request rides for others.

• Satiating the taste buds of every guest

If you expect guests from diverse communities and cultures, then nonetheless to say, their taste preferences would vary. To ensure that guests get their favorite cuisine at your hotel’s eatery, you will have to hire expert chefs, who would be specialized in all the cuisines you have mentioned in your menu. As you can imagine, soon your operating costs would skyrocket and you might not get a good ROI because it is difficult to predict your guests’ orders.

But if you make the most of Uber’s hotel business model, your guests can order in from the nearby restaurants without stepping foot outside your hotel. In this way, you would provide convenience and comfort to your guests and encourage them to try out the local cuisine. Furthermore, you would contribute to society by helping small online food businesses grow.

Why is the Hospitality Industry Embracing Uber?

For the last few months, the hospitality sector of the US is getting inclined towards this innovative business model of Uber because of various reasons. Firstly, if you are using Uber vouchers to request shuttle services for your customers, you will have to pay only when they use the services.

Secondly, you can book multiple rides at a time for different passengers and can even schedule them beforehand to ensure your guests. You can even order food for your employees if your restaurant is not operating at the moment. When you will place a group order for your employees and guests via Uber Eats, you will have to save some bucks and restrict the number of outsiders entering your premises.

How to Start a Uber Model Hotel Business?

It’s really not that tough as it seems to be. To develop a hotel booking business, first you either need to have your own website or hire someone to develop it from scratch. The platform needs connections with various hotels from different places. From the list of hotels, customers can easily choose the hotel for stay and proceed with the payments.

The success of an online hotel booking website depends upon the user experience of the site and the information it provides. The user-friendly design layout is very important in the hotel booking business. It also holds true for the listing page, which displays all the results elegantly including hotel location maps, prices, etc.

In my perspective, I would choose to utilize any of the open-source platforms to develop my website. Developing a reservation website using open source platforms has its own advantage. It provides quality, reliability, flexibility, and lower cost.

Once you built the platform, the next is to add hotel booking software for the easiness of booking.

Use iScripts ReserveLogic to build your Online Hotel Booking Website

iScripts ReserveLogic is a ready-made script that helps to start your own online hotel booking website in a short time. It’s a cost-effective solution, and it also helps to grow your hotel booking business efficiently. This online hotel booking module is designed with beneficial features for setting up a well-competent online hotel booking system. It also helps in handling the rooms of a hotel or other lodging facilities.

For entrepreneurs who plan to start an Uber model hotel booking business, share your ideas with our team of experts and build your online business platform.

If you are planning on creating a hotel booking business and looking for the best solution to start your online hotel booking, Keep in touch with us at sales@iscripts.com or call us at (312) 423-6728 for instant support.

Starting an online business may not seem like an easy thing to do. There are many important factors involved with creating your own business and you may be unsure of what you need to know or do to get started. 

In this era, online is a platform that can bring an idea to reality. With sheer determination, hard work, and a lot of smart work, you can bring your online business idea into a reality. Specific steps will help you to get started with your online business idea. Not every business clicks, but online businesses have many opportunities these days to compare them to traditional businesses.

People are looking forward to getting online services for almost anything possible. There are various online business ideas that you can opt for. Seeing the market condition and doing intense research will help you find the perfect online business opportunity in your area. Online businesses have a vast platform that is because of the liberty you get when doing business online. 

Your Business Model:

Basically, “Business Model” is a more professional way to ask “How do you plan to make money?”   There are certain things that go along with answering this and each aspect plays an important role.

•    Who is your target audience?

•    How are you selling? Are you selling directly to your customers? Are you selling wholesale to retailers? Selling through distributors? Selling through auctions?

•    What value does your product or service provides? Does it solve a problem?

•    How will you keep customers?

•    How are you different from competitors?

•    What are your startup costs?

•    What is your profit margin?

•    How long will it take for you to turn a profit? (This one may be unknown to you, and that is okay, but it is still an important factor to consider)

You can launch your business on an international platform with very little paperwork, and the entire process is hassle-free. To get started, mentioned below are some of the steps that will help you turn your online business idea into a reality.

Give your online business idea a shape:

The first step to turning your idea into a reality is to give your online business a shape. Like most traditional businesses start with a plan, this online business also follows the same parameter. If you have some ideas, it is advised to keep a note as all the ideas you have been holding are soon coming alive. Think about what business will be most appropriate, whom you will be serving, and the process of monetizing the business.

Once you know what you will do, it is advised you use the same plan to shape your online presence. Look for a business website that serves your purpose, and start preparing the website. No matter what business you have, you can get your website designed in the same manner. If you are running an online business then you must need a mobile app. 

Do a lot of research:

Just starting an online business by launching a website is not all. It would help if you researched a lot. Start with talking and discussing with professionals who have a presence in the online market. These professionals can offer you a lot of ideas on how to get started with the business. You also come to know the hardships and many experiences that they have had at the initial stage. 

No matter what online business you opt for, or there are always going to be competitors. It would help if you did intense research on your competitors. For example, if you are looking forward to selling flowers online, make sure you have an in-depth knowledge of the flower market that includes both online and offline sellers. This will give you a head start and allow you to know your opportunities in the existing market.

Focus on Branding:

When it comes to your potential customers, they have a wide variety of choices. To make your online business their only choice, it is natural you have to do something unique. One way you can achieve this is by branding your business.

Give your brand a unique identity that stands out from all your competitors. For an online business, their website is the key. Ensure you have a unique website that attracts every customer when they see it first. The first impression is significant, and to make it work, your branding on the website should be unique. 

To get started with branding, choose a name that is memorable and unique. The name should be able to convey what you do. You can post photographs of your brand on all leading social media websites. Hiring a designer to create your logo will offer you an upper hand, as they are experienced professionals.

Provide valuable content:

If you are looking forward to featuring content in your online business, a blog can offer you the best platform. This is because several reports say that blogs are the best ways to improve your SEO ranking. When it comes to promoting your content, there are various means.

To get started, create a content calendar that you will be updating regularly to keep your potential customers intact and engage new customers all the while. If your customers face any problems, it is advised to respond instantly or with the best results. 

Your content can establish a good relationship with your potential clients. Ensure you create such content that your brand comes to their mind whenever they think of such products or services.

Decide on the online business model:

With the rise of online businesses, there are several business models you can opt for to get started. No matter what online business you have in mind, lead generation must grasp customers to your website.

Contact forms and newsletters are the perfect medium of getting lead generations. There are several tips you can use to help create a moderate demand for your business. Subscription-based services are very favorable, as many customers appreciate them. 

There are endless business models you can opt to generate cash flow for your business. Pick a business model that best represents your idea and business, something that is profitable and sustainable as well.

Invest in yourself:

Before planning to start an online business, you must invest in yourself to get a firm hold on your business. There are several online business classes that you can join to learn while you build your online business platforms. Some of the most incredible mentors show you the best ways to get your business profitable. It is necessary always to keep learning and growing at the same time.

Investing in yourself will offer you a new platform with increased expertise in the field that you are working in. This will instill confidence in you, which is essential in the initial stages.

Conclusion

Online business is the best platform to start with. This is the only platform that can assure you success with minimum help. As every process is online, you must have some basic online knowledge before getting started for the best results. The process mentioned above shows how to start an online business to change your business idea into a reality. This will require sheer determination and hard work if you are looking for success.

Will 2021 let you create a successful online business?

You might have thought about it every year and stuck at countless ideas.

Planning to start your own online business is a smart move in 2021. The biggest challenge you face right now is to choose the best online business. 

Always remember, The key to real success, is a long-term vision.

We’re here to tell you 2021 is the best year to start your online business. There are lots of opportunities and you should take advantage of them. To help you get started, here we are listing the online business ideas.

Read them and figure out which connects you most and start your research. 

On-Demand Services:

On-demand services are one of the most prominent businesses of the new era. On-demand services can be anything such as food delivery, hairstyling and makeup, technology, repairperson services, and many more. 

Several advantages of an on-demand service show that this business is the best to start in 2021. The era of mobile technologies has given on-demand services a boost as anything can be demanded online with a touch. This business can be scaled as per the customers’ demands and is considered one of the most secure businesses in the new era. 

If you were to create a new On-demand platform, what would it do?

On-demand services can be considered a subset or a derivative of traditional delivery and sharing services. Do you have a service-based business idea to fill the needs of a specific market? Utilizing an Uber-for-X business model will save on startup costs. The platform we’ve created helps users book services provided by vendors you decide to add to your site. 

Online Food Delivery:

With the advent of the pandemic, businesses have taken a new turn. Online food delivery is getting popular as people are looking forward to ordering food through their mobile rather than visiting the outlet. Here are the best food delivery apps in the world in 2020. The independent platform of Uber Eats provides a wide range of hotels to browse through and select your favorite dish to order. 

There are several advantages of online food delivery, making it one of the potential businesses in this new era. The ordering process is simplified through online food delivery. Online food delivery is done through an app that can efficiently manage customers and their orders, helping the business run smoothly. 

Another exclusive feature is the online delivery tracking application that provides real-time tracking of the driver’s location and route to the destination. Online food delivery platform allows you to monitor your expenses in fantastic real-time. The Estimated Time of Arrival (ETA) will also be provided along with the tracking system.If you are looking into investing in online food order and delivery platforms, include unique features to become the next big name in the industry!

Peer to Peer Lending:

Peer to peer lending is better known as P2P lending. In this type of lending, businesses and individuals can lend money through the online services that help match the lenders to their right borrowers. When it comes to peer to peer loans, you don’t need a third-party consultation or a middleman to get your loan approved. 

P2P lending is entirely safe and is believed to be one of the rising businesses in 2021. P2P follows a simple and straightforward method. The investors and the borrowers use a unique lending platform for any transaction concerning P2P. 

There are several benefits of Peer to Peer lending services that make it an appropriate business for the year 2021. Online applications for a Peer to Peer loan takes significantly less time as compared to traditional lending systems. Peer to Peer lending also offers lower rates to lenders, which is remarkable.

Logistics Services :

The logistics services are believed to be one of the most prominent businesses that people can use to create online service like last-mile delivery service business in the new era. A logistics customer portal consists of a website designed to give the customer access to logistics solutions that they require. There are several benefits of a logistics customer portal business that is mentioned below. 

These days offering customers top-tier services has become essential, which is applicable in the logistics industry too. Creating a logistics customer portal will help to reduce operational costs and increase customer satisfaction by many folds.  In addition to being a key to customer satisfaction, last-mile delivery is both the most expensive and time-consuming part of the shipping process.

Last Mile delivery systems are booming. So if you’re into investing in a similar business venture or crowdsourced delivery services, the very first step to execute is to select a professional order tracking and delivery platform. 

Ecommerce Business:

E-commerce business allows visitors to shop and make instant purchases. Online shopping cart is one of the most profitable eCommerce business software that allows people to start an online business. With several distractions in the shopping industry such as online deals, offers, and cashback, retailers are having a difficult situation in terms of revenue. 

Nowadays, tech-savvy retailers have come into action to improve their businesses through online platforms. With the pandemic’s advent, people are now looking forward to shop online rather than visiting the shops. An online marketplace is a digital marketplace platform with a website and app for better service. This is the place where several sellers and buyers connect with each other. 

Customers visiting an online shopping cart can have a safe and secure shopping experience being seated at the comfort of their homes. The customers shopping can experience a hassle-free, easy payment procedure. Customers can also provide their feedback on the platform to let others know about the services offered and the shopping experience in a specified online shopping cart website.

Virtual Product and Service Swapping:

Virtual products are also known as digital goods and are non-tangible goods. Virtual shopping has become a trend during this pandemic. Online Swapping Software allows you to create your own swap meet website where users can easily buy, sell, and swap items. 

Virtual products can be sold individually or b sold with other products too. There are several advantages to the virtual products business. Through virtual products, businesses can quickly establish their products to new audiences. Building prototypes and designs have become very popular, especially after introducing virtual products in the market. 

Save time and cost on-site development by taking advantage of the premade Virtual swap meet software solution available to you. Service swapping is believed to be one of the most profitable businesses in 2021. Swap is a very profitable way to exchange goods and services. This business system follows the barter rule. There are several prosperous services of swapping businesses such as Listia, Letgo, TradeMade, etc.

Online Education Portal:

Online education is the demand of the new era wherein online educational portals are essential. It provides access to analytical tools that allow users to monitor the data and results. Several online educational portal businesses offer enhanced tracking services to universities to follow students and remarket to high potential students. 

Online education portal is a very profitable business as it has a better search engine ranking than many university websites. Online portals have no barriers to offering global reach and brand exposure. Popular education platforms like Coursera, edX are providing free courses to students from top universities like MIT, Oxford, Harvard, to name a few.

With so many language apps and virtual tutoring tools, it appears that online education might become a new normal.

Social Networking Apps:

Social networking apps have taken the online market by surprise, as it is one of the most profitable businesses in the new era. Social networking is the use of the internet to keep in touch with friends, family, and relatives. Taking a cue from the popularity of this social networking platform, perhaps, developers translated the concept to other purposes too. 

You can also meet new people through this platform. Several benefits make social networking app the best businesses in 2021. As there are no barriers, your social networking apps will have a global platform. Offering customers a clean interface with necessities will rapidly enhance your user base, unlike other businesses that take a lot of time. 

Online Printing and Design Studio:

Online printing and design studio businesses are high in demand as it helps to offer customized services to customers. The sales of printed mugs, t-shirts, toys, bags, and many more have raised the demand for online printing and designing solutions. These businesses have several benefits, so it is one of the best businesses to start in 2021. 

The capital required to start an online printing and design studio is significantly less. With many companies offering printing and design products, the machinery and tools prices have decreased rapidly, making it best to be purchased.

The printing ideas can prosper in the modern world paving tiles to have improved design styles in many like t-shirts, cards, Business branding, and many further possibilities. The face of traditional printing businesses has paved a new way with the introduction of online design and printing software. 

Online Store Building Platforms:

Online store building platforms help new businesses to establish online in the quickest fashion. This e-commerce platform is straightforward to use as everything is found in the dashboard with a smooth interface. The online store building is the future as all customers are now looking forward to shopping online, especially after the pandemic. The procedure to start an online store with the help of a store builder is very straightforward. 

The customers who build stores on your website have the potential to manage and create their own online stores. The innovative eCommerce platforms have made easier to start an online business with improved aspects of buying and selling.

There are no downloads required; you simply have to register and fill in all the details required. After proper scrutiny, you will be able to start selling online hassle-free. There are several advantages that online store builder offers, such as services at the minimum rate, round the clock assistance, and real-time shipping and expenditures.

Conclusion

Coming up with a brilliant mobile app development idea is not so challenging if you have a clear perspective and know what goals you want to achieve through this app. However, it is still a matter of concern since a few of the online trends are emerging as new and have been claimed irrelevant in the past. We might just have to wait until the start of 2021 to know the exact impact of these trends across the globe.

While COVID-19 is implying a dramatic impact on global trade in several industries, there are certain things that organizations with global supply chains should aim at minimizing overall in the short term. 

Are you planning to start a new online business in the next year? iScripts dedicated development team can help you to build your idea. Share your idea with us.

Online food delivery often becomes the most convenient way to order among people. Today there are a lot of apps available with offers for food delivery from different restaurants.  We can meet some of the Best Food Delivery Apps in the World in 2020.

This pandemic and the lockdown both have been challenging and exhausting for everyone. Sitting at home all day has made one’s stomach even more hungry than usual. Everyone loves to eat outside. Didn’t everyone miss restaurant food amidst the lockdown?

Everyone loves having them rather than cooking them on our own, don’t we? Despite this hard lockdown, food delivery apps have made sure that everyone gets their favorite foods, just a click away. All you need to do is order and wait till it comes to your doorsteps. Isn’t that so easy and quick? 

Here are the top 10 best food delivery apps in the world in 2020.

1. Doordash

Doordash is one of the most used food delivery apps, serving in Canada, Australia, and the U.S. Founded by some Stanford University students, it is a digital market for ordering food around the city’s best places. All one has to do is search, place their orders, and wait for its delivery at the expected time. 

Doordash is a popular and successful food delivery app. It allows users to get food from nearby restaurants. During this pandemic, Doordash has also changed it’s default drop off the option to contactless delivery. Thus, it emerged to become the fastest-growing food delivery app during this pandemic situation. 

If you are planning to build a successful food delivery app like DoorDash, You should learn about how to create an online food delivery platform.

2. GrubHub

GrubHub is an on-demand food delivery service and a unique online take out and delivery order marketplace. The app was first launched in 2004, allowing it to partner with many restaurants. Almost 30,000 restaurants are listed on this app. This satisfies the cravings of all the customers across Chicago, New York, and London, making it one of the best food-delivery apps. With Grubhub, one can browse through options such as customer reviews, discounts, coupons, working hours. Isn’t that amazing and smooth?

If you are planning to build an online food ordering system like GrubHub, then you should learn about How does GrubHub work?

3. UberEats

When thinking of ordering something from outside, the first name that pops into everyone’s mind is UberEats. UberEats has been one of the most prominent players in the market. It is one of the initiatives from Uber, a leading cab service company.

Uber Eats can be considered an aggregate business model is constituting a food ordering application and delivery tracking application on a single platform. It is very user-friendly, with all types of payment options available. It ensures hygienic delivery of one’s favorite food with a live tracking system. Also, it worldwide users!

If you are planning to build an online food delivery marketplace like Uber Eats, Then you should learn about the online food delivery business model.

4. Postmates

Postmates is everyone’s one-stop solution for food, drinks, groceries, and what not?! All one needs to order whatever they want and get it delivered to their doorstep. It is a unique on-demand delivery service provider with a unique way of delivering goods when compared to other service providers. 

It is primarily spread over the United States. This app offers people a lot of discounts and easy payment options. One can send gifted meals to any loved ones across the city. Postmates also ensures tracking of the delivery to its customers. In this pandemic, Postmates has also offered contact-less delivery for its customers.

If you are planning to build an on-demand food delivery app like Postmates, you should learn more about how does Postmates work?

5. Instacart

Want to get groceries from your preferred vendor to be delivered? Instacart is the name that comes first in one’s mind! An American company that provides easy grocery shopping across the U.S. In the on-demand sector, this grocery delivery startup made many entrepreneurs learn more about the Instacart business model and provoke them to develop a new thing in the economy. 

It has thousands of options to choose from and many money-saving offers available. This app allows its customers to select grocery shopping from their preferred retailer and get it delivered. Orders can be placed via the Instacart app or through their website. This makes everything pretty simple, right?

If you are planning to build the most popular grocery delivery app like Instacart, you can learn how to create an app like Instacart?

6. GoPuff

GoPuff should be everyone’s go-to app when craving some snacks, pastries, and drinks. It also delivers food from one’s favorite restaurants across the city. This app is considered to be a digital retailer delivering goodies right whenever someone needs them. Also, one can even place an order for their everyday essentials, toiletries, and medicines. All of these services come with a very affordable delivery charge.

7. ChowNow

Chownow is a lifesaver when it comes to ordering delicious food from one’s favorite places. It helps to get access to one’s local restaurants. Based on people’s preferences, it helps one to choose from a wide range of restaurants—a dedicated food delivery app fulfilling all your cravings. Chownow now has a feature that allows the customer to select and order food via the restaurant’s Instagram profile. 

Whoa, how new is that!! 

8. Munchery

Initially founded in the year 2010, in San Francisco, California, Munchery is a food and meal delivery app. It serves tasty chef-made meals to its customers. Munchery was a collaboration of chefs who offered menus to the users. The chefs used to choose ingredients and prepare the meal according to the customer’s order and got them delivered. In return, the users used to rate the meals.

9. Eat 24

With Grubhub being its parent organization, Eat 24 is a web-based food delivery service that partners with all the city’s restaurants. Offering a vast selection of local restaurants even without any efforts, Eat 24 does it all for people. It offers them promo codes, offers, and many more exciting things so that anyone can get their favorite food with just a tap! Want to have your favorite burritos again? Tap that ‘reorder’ option. Yes, this app also allows one to reorder their favorite meals with a simple click. A great option to enjoy, isn’t it?

If you are planning to build the best online food delivery app like Eat 24, then you should learn about the business model of food delivery startups.

10. Seamless

To satisfy any food craving, Seamless is a great option to visit. This app comes with a variety of restaurants and food joints to select from. You can find coupons, offers, and kickback rewards in the app. Seamless is a neighborhood food delivery app.

Each of these apps that are listed above has its perks and is different from one another. One can opt for any of these apps based on one’s choice of preferred food, locality, and services required. The app possesses a real-time order tracking option for a better delivery experience.

How to Create an Online Food Delivery App?

People have a large number of options to select among the food ordering and delivery apps. These are some of the Best Food Delivery Apps in the World in 2020. If you are in search of building an app similar to the apps in the above list, here is an open-source script to help you to create your app.

iScripts NetMenus is an online restaurant delivery software with an administrator panel where you can manage restaurants, customers, orders, payments, and many more. 

Conclusion

These food delivery apps have become popular not just because of their wide range of food options to choose from but also for the convenient payment options and user-friendly delivery options. And this pandemic has also introduced the contactless delivery option, which is a much ch-needed option nowadays, to maintain both their employees’ and customers’ safety.

So why not order some delicious food and satisfy our cravings?!! 

If you are planning to start an online food delivery app the same as the above apps, then just have a look at our product NetMenus.

Contact us to create amazing on-demand food delivery apps.

Peer-to-peer loans are excellent options for people who are seeking loans. Loans are significant in terms of fulfilling your requirements. Besides that, getting a loan in an emergency condition helps you deal with the condition better.

When it comes to peer to peer loans, you don’t need a third-party consultation or a middleman to get your loan approved. Some several online websites and platforms offer peer to peer loan facilities to their clients. These websites connect their clients directly to investors. 

Therefore, no commission or additional charge gets deducted from your loan account for the loan approval. However, these online peer-to-peer lending platforms are great for investors as well. You can expect assured profitable returns as you invest in such an online lending platform.

In this article, we will discuss the benefits of the top peer to peer lending platforms in the market.

Lending Loop 

The Canadian online peer-to-peer lending platform’s authenticity is beyond doubt. Lending Loop deals with the top investors, and the process is entirely secure. The loan-approval procedure is relatively easy, and you will get complete assistance from the help desk if you face any issue related to the loan application. If you’re thinking of expanding your small business, Lending Loop is the best platform to get a small finance loan indeed.  

Lendified 

As businesses are all about profits and losses, a sudden loss in your small business can put you into trouble. If something like that has happened to you already, don’t give up and visit the official site of Lendified. Lendified has financially backed a lot of small businesses from different industries. With the platform, you can avail of a small business loan with the minimum paperwork. In addition to all these, the interest rates are also way more affordable than other online lending platforms.

Afluenta 

This is another online peer to peer lending platform that has gained the trust of thousands of clients. The loan sanction process with Afluenta is 100% online-based, and you can avail of your loan without visiting any branch. While applying for a loan from Afluenta, you won’t have to wait for a long to get your loan disbursed. After the submission of all the required documents, this platform disburses the loan as soon as possible. You should also consider the advantages of peer to peer lending business.

Briq 

Briq is a friendly platform for investors who are passionate about investing in real estate projects. No matter how much money you want to invest, you have to make sure that the online investment platform is genuine and safe. Briq is one of the safest investment platforms where you can invest in profitable real estate projects comfortably.

M2CROWD 

M2CEOWD is another big name when it comes to investing in vital projects. This platform allows you to check out the grand projects before you invest in one. You can also track the growth of your investment whenever you want. Moreover, reinvesting or withdrawal is possible with a single click through this platform.

LendingClub 

If your business’s growth got interrupted due to a lack of funds, LendingClub is there to help you. This online lending platform offers business loans up to forty thousand dollars based upon your credit score. You can get the loan amount credited to your account within a few minutes after applying for a loan on the official website of LendingClub.

Funding Circle 

Are you all set up your new business, and the lack of funds is holding you back? Avail of a business loan from Funding Circle to convert your dreams into reality. Thousands of investors, lower interest rates, and fast loan processing are the key features of this online lending platform. Moreover, Funding Circle is one of the most trusted lending platforms in the world. So, don’t delay anymore and apply for a small business loan at the official website of Funding Circle. Do you know what are the top fintech startups in 2020?

Crowd Lending 

You can invest money in the top real estate project using this platform. On the other side, you can lend your required fund from Crowd Lending if you’re a builder. Crowd Lending is one of the most efficient lending solution platforms that serve a vast number of enthusiastic investors and builders. Visit the official website of Crowd Lending for fulfilling your lending requirements.

FundingKnight 

This is another trustworthy platform that benefits its clients with a bunch of jaw-dropping offers. If you’re an investor, you can earn high profits by investing through FundingKnight. The loan-seekers can avail themselves of business loans at affordable interest rates using this platform.

Prosper 

This online peer to peer lending platform offers attractive loan schemes to its clients. You can select the preferable tenure for repaying the loan as per your convenience. Customizable loan schemes, affordable interest rates, and higher savings on repayments make this platform the loan-seekers’ favorite. Learn more about the interesting business model of Prosper.

Sharestates 

If you’re a builder and are waiting for funds to start your dream project, Sharestates can easily help you get a loan. Hassle-free loan disbursal, comfortable installment payment options make this platform much better.

Fundrise 

Every investor looks for a compact online lending platform, and Fundrise can be an excellent choice for investors. The flexible minimum investment is the most attractive feature of this lending platform. Through this platform, you can invest your money in promising projects that can produce high profits in the future.

Upstart 

Upstart is one of the most reliable peer-to-peer lending platforms that offer high-quality lending services to its clients. You can get your loan sanctioned in an effortless way using this platform, and the loan repayment system is also customizable. Starting your business with Fintech clone scripts is the best option for beginners.

Peerform 

Check your loan eligibility in seconds on the Peerform website and apply for a small business loan easily. This platform offers a lot of attractive features to investors and borrowers that other lending platforms don’t.

Lendinghome 

Lendinghome offers a variety of loan schemes to the builders to help them in accomplishing their dream projects. Faster loan-approval, dedicated client support, and lower processing fees are the main highlights of this platform.

Conclusion

Whether you’re going to invest in projects or lending money, these online lending platforms are the best choices for you.

If you are in search of creating a similar online lending platform,  Then we can help you in building a similar one.

If you are on the lookout for creating a similar deliverable application, avail of a free consultation from our technical team at iScripts by clicking here.

You can also call us on 312-423-6728 or compose an email containing your business requirements and budget to sales@iscripts.com to receive the best digital solutions for your company.

Despite holding the capability to deliver unique & new innovative solutions to the financial sector, Fintech companies are amongst the worst affected industry players amidst the pandemic. The impact of COVID-19 remained severe and interrupted the smooth flow acquired by some major Financial Technology giants. 

While the pandemic has taken a toll on the economy, there lay equal opportunities, especially for Fintech companies, to come out of the hole and seize the day presented ahead. The demand for contactless payments has seen a surge and provided fresh opportunities for Fintech companies to successfully cater to consumers’ changing needs.

In this article, let us discuss the new and improved opportunities for the companies.

What is the New Normal for Fintech companies?

Prior to the pandemic, most Fintech companies faced the challenge to spread enough awareness so that consumers choose to rely on digital platforms rather than physical banks. Hence, the financial technology sector remained in the developing stage. 

Amidst the pandemic and the enforcement of lockdown in the fight against coronavirus, a boom in digital payments was evident. On the brighter side, most Fintech companies have started to leverage their unique & disruptive skills to embrace the financial sector’s technological shift. Based on CNBC’s study, digital payments are likely to reach a mark of 726 billion by the end of 2020. That is indeed a massive high!

Today, consumers are more likely to purchase through online payments as a result of safety measures. Hence, small and big businesses are rebooting the payment modes to digital, whereas Fintech companies are taking significant steps to meet consumers’ new demands. Contactless payments being the new normal for Fintech companies!

Check: Top Fintech Startups in 2020

Top New Opportunities for Fintech Companies

Save recurring costs via remote working- While the Fintech companies have ensured close interaction with the clients & the consumers for better building relations, the new normal of remote working has proven to be a challenge. 

However, it is an ideal opportunity to control office spending as employees would be working remotely, and hence, they would not be utilizing resources offered at the workplace.

Besides that, similar to social events organized for building close relations with the investors or communities, there is an even better possibility to gather individuals through online webinars, live Q&A, and spread technology awareness. Exactly what you had wished for in the past!

An increase in demand for mobile app payments-Vikas Bansal, director at Amazon Pay earlier, shared his inputs on customers relying on Amazon Pay for major transactions. To acknowledge an ever-growing demand for purchasing groceries and other essentials online, PhonePe has enabled the local businesses to sell its products through PhonePe’s virtual stores.

Hence, the Fintech companies are also engaged in responding to the newly emerged need for Fintech payment apps. The government is highly discouraging people from using cash in response to the social distancing norms. The contactless payment solutions are seeing an unprecedented boom.

Strengthening customer relationships- Amidst the challenges, the pandemic has brought a new opportunity for Fintech companies to shift working style based on the customer’s needs. While coping with a customer’s changing demand, various Fintech companies have modified their policies to ensure customers receive a proactive response.

They are quite involved in utilizing Artificial Intelligence and other disruptive technologies to deliver superior customer experience along with a safe environment.

Check: Start your business with Fintech Clone Scripts

What are the areas that require further improvements?

Data Privacy & Security:

Data has been of great concern since the time the digital revolution began in the world. Amongst all, Fintech companies tend to hold a large amount of personal data in terms of credit card details, bank account numbers, and social security numbers. 

This kind of information is considered highly sensitive, and hence, it is the responsibility of companies to ensure the data is not compromised. In the past, we have heard instances where hackers compromised personal information in huge amount despite the robust algorithms.

With users turning to digital platforms to share such sensitive information online and make purchases, the challenge falls upon Fintech companies to secure the provided data & information.

Personal Touch Without The Human Touch:

It is evident how successful Fintech companies have been in implementing advanced technologies for seamless transactions. For years, these companies have made efforts to lure customers to digital payment transactions and remained in tough competition with traditional banks.

However, with a lack of human touch, it is critical to maintaining trust so that consumers are not reluctant about online transactions. A few experienced Fintech companies have acquired the new interaction method through webinars, personalized emails & messages, and online gatherings. The other remaining companies are in a continuous huddle to maintain close relations with the customers despite human touch’s unavailability.

Rethinking Revenue & Expenditure:

The inevitable economic slowdown has affected the Fintech companies and has created a new challenge to manage resources. Remote working has provided relief and allowed companies to save money on unavoidable expenses.

Major Fintech giants are rethinking on their expenditure and cutting down on resources. While the period of COVID-19 has caused a boom, Fintech companies are also remodeling business to withstand the economic pressure. An increase in demand for contactless payments has created room for more employees to handle an overload of online transactions.

Check: Different Options Available to Accept Online Payments

Conclusion:

The world is certainly in the process of recovering from the crisis COVID-19 gladly bestowed upon us. Major industries remained affected and saw a shift in the economy. Similarly, despite holding strong technological skills, Fintech companies were greatly affected and struggled to stand still against the slow economy. 

What comes as a surprise are the opportunities the crisis has brought ahead for these Fintech companies. They have adopted a new approach and are working towards fulfilling the new demand for contactless payments.

More customers now prefer contactless payments over visiting a bank or an ATM for money related requirements. Each major store or a shop has embraced digital existence and catering to their customers’ new demands. Fintech companies are finally a step closer to make customers tech-reliant.

You can contact us on 312-423-6728 or compose an email containing your business requirements and budget to sales@iscripts.com to receive the best digital solutions for your company. Get a free consultation from our technical team at iScripts.