Monthly Archives

January 2017

fSpace Talks – Credi

By | community, events, fSpace Talks, Profiles | One Comment

PERTH, WESTERN AUSTRALIA - JANUARY 25: fSpace Talks Credi, Juan and Patrick January 25, 2017 in Fremantle, Perth, Australia (Photo by Sabine Albers)

The 2017 edition of fSpace Talks began with Juan Vazquez & Patrick Green sharing what they do at Credi.

Juan shared some interesting statistics that most people might not be aware of:

  • Over 2.3 million businesses start up in the US are funded each year with loans from friend, family or business colleagues
  • The average loan amount is $23,000 (USD)
  • In Australia alone, over $1.6 billion (AUD) is loaned each year between family, friends and business colleagues
  • In the UK, 40% of deposits for first time home buyers are provided by friends

This type of lending outside of banking and other structured channels is often informal and can create problems. Questions or misunderstandings about repayment amounts or schedules can damage relationships.

Credi was founded and started by CEO Tim Dean (who also works from fSpace with the team) in May 2015 to help facilitate relationship lending and protect those relationships. Credi does this by adding structure and compliance as they automate the lending process.

Credi has created a loan builder application that allows the lender and borrower to input the amount, the repayment schedule (time & frequency) and an interest rate if they wish. The parties can share the loan with anyone including family members, friends, business associates, or other entities such as trusts and SMSFs. Business professionals such as accountants and financial planners will be able to manage the process as well for their clients.

Once the parameters are agreed to, the parties eSign and Credi generates a legally binding contract. Credi then manages the loan for each party by tracking the repayments, creating alerts as desired. Credi also allows for amendments to be made including changes to the loan, payment deferrals or even forgiving the loans.

While there are some other tools in the marketplace to deliver template legal loan contracts, Credi is the only one that combines delivers a complete start-to-end process into one friendly environment.

Credi has a larger team behind the scenes with 8 other people contributing in areas such as legal, programming, advisors, and operations. This includes collaboration with Letty Tan, a bookkeeping who also runs her business from fSpace.

Much like companies like Airbnb, Credi does not handle any money – only the agreement services and management of the loan repayment schedule.

Credi is currently in the beta-testing phase of their rollout strategy and they are excited with their formal launch coming in the next couple of weeks.

Thanks to Juan & Patrick for the presentation & best of luck to the Credi team with their launch!

Visit credi.com for more information.

PERTH, WESTERN AUSTRALIA - JANUARY 25: fSpace Talks Credi, Juan and Patrick January 25, 2017 in Fremantle, Perth, Australia (Photo by Sabine Albers)PERTH, WESTERN AUSTRALIA - JANUARY 25: fSpace Talks Credi, Juan and Patrick January 25, 2017 in Fremantle, Perth, Australia (Photo by Sabine Albers)PERTH, WESTERN AUSTRALIA - JANUARY 25: fSpace Talks Credi, Juan and Patrick January 25, 2017 in Fremantle, Perth, Australia (Photo by Sabine Albers)

New Sales & Marketing Manager

By | fSpace, Profiles | No Comments

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fSpace is pleased to announce that Jason Normandale has joined fSpace as Sales & Marketing Manager.

In addition to helping promote fSpace and attract new members, Jason will also be directly involved in our continuing efforts to enhance the fSpace atmosphere and experience as we strive to provide the best and most inspiring environment for our members to produce their best work.

Jason can be reached at jason@fspace.me or 0427 929 186 – welcome Jason!

fSpace + Loop

By | community, fSpace, Special Offer | No Comments

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fSpace is pleased to announce a partnership with Loop!

Loop is a cool group of people who are linking coworking spaces around the world. Loop offers monthly plans that lets its members work at over 90 (and counting) coworking spaces for free or discounted rates.

fSpace members receive a free membership to Loop.

For more info, check out Loop at https://loop.space/

fSpace 3rd Birthday

100 Days of 50% Off!

By | Internet, Special Offer, Startups | No Comments

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To celebrate our new crazy fast 100 x 100 mbps fibre optic internet connection, fSpace is offering a crazy 100 day promotion. For 100 days, all new plans are half-price for the first month!

This is a perfect offer for anyone looking to escape a home office that might be overrun with friends & family or anyone looking to take a swing at a new year’s resolution to start that new business.

While the price is 50% off, you still get 100% of everything. Best of all, new members get the opportunity to join our fabulous community of inspiring entrepreneurs, freelancers and professionals.

Check out http://fspace.me/special/ for more details.

2017 x

Internet Upgrade!!

By | fSpace, Internet | No Comments

100xXx final red

fSpace is pleased to announce an upgrade in our internet connection – and it’s more than just a change in the monthly plan! We’ve upgraded from the ubiquitous WA copper connection to a fibre optic cable connection.

fSpace now has a 100 x 100 mbps connection – download and upload, 100 mbps each.

Our members are  : )

If you need some serious internet speed and a cool place to work amongst some cool people, come check us out!

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