Spending more time in the sky than on land - invest for Floan
Floan is a start-up business currently developing MVP. The MVP is a budgeting tool to help people travel and suggest of paying for flights monthly. Floan is a mix of tech start-up and broker for the travel sector, which is focusing on point of sale finance for flights on behalf of the environmentally conscious.
Floan is helping to spread the cost of purchasing a flight over time. Payment and terms will be made personally to the individual but will suggest monthly repayments over 3 - 18 months which are structured on an easy-to-understand monthly basis.
They are creating a budgeting tool to make affordable travel, whilst being environmentally conscious. They are planning to become one of the first facilitators of affordable acquisition of flights.
Floan’s commercial business model is simple. They plan on creating revenue through charging a booking fee of £35, on any business generating activity through their platform. They are sure that this price that customers will pay in return for the ability to receive a premium service allowing for them to take advantage of better budgeting ability.