Pax Credit (Dotbit Labs Pte Ltd) Singapore
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Introducing Pax Credit (Dotbit Labs Pte Ltd)

Pax Credit - InnovatorsRace50 from Abhinov Balagoni ;
In one line

In one line

Easing Financial Needs for International Students

Business Pitch

Business Pitch

Pax Credit was conceived to improve the service to international students from India studying across the world. The inefficiency in transferring money abroad as well as the lack of lending support available to international students provided us with an opportunity to offer a novel service and help international students save money and time. We are a group of people who have self-experienced the nuances of studying abroad and believe unwaveringly in easing your educational needs.

What makes our business innovative

What makes our business innovative

Financial institutions do not offer financial products such as credit cards to international students as they lack credit history. Most of the international students are from developing countries such as China and India that don't have comprehensive credit systems and it’s also not possible to use credit history from a home country as it is not accepted in the foreign country. This leaves them with few to no options. Pax Credit is working on solving this pressing need for access to credit.

How are we disrupting the market

How are we disrupting the market

Depending on the mode of transfer, when you convert your home currency to foreign currency the exchange rate margin is as high as 2.5%. However, Pax Credit promises India's best exchange rate with exchange rate match guarantee. And unlike banks and traditional financial institutions, Pax Credit is working on offering financial products such as credit cards for International students from India, the first of its kind in the world.