Elfin Market launches the world’s first peer-to-peer payment card alongside a complete rebrand
29th July 2022
London, UK: Elfin Market, the UK-based peer-to-peer lender, is pleased to announce the launch of the new “Elfin Card”, the world’s first peer-to-peer payment card, on 26/7/22.
This new prepaid Mastercard gives our customers a flexible way to use their credit accounts. Alongside fee-free, almost instant transfers to their bank account (with no cash advance fees).
– No foreign exchange fees and unlimited fee-free international ATM withdrawals
– Contactless-enabled prepaid MasterCard
– £200 fee-free monthly domestic ATM withdrawals
– If misplaced, the card can be easily frozen in the app
All customers will be able to order the card via the app on 26/7/22 after updating to the latest version of the app, available on iOS and Android. The rebrand will be live on a brand-new website and app at the same time on 26/7/22, matching the card’s design. The change shows how far Elfin Market has evolved over the past few years.
“After a successful closed beta stage, we can’t wait to get the cards in customers’ hands. I believe the addition of the Elfin Card to our popular borrower product will help make Elfin Market the go-to platform for flexible credit in the UK.” – Mansour Bouaziz – Co-founder & CEO
“Though technically not a credit card, the Elfin Card was designed to offer UK individuals the same borrowing flexibility as a credit card, without the sky-high rates and numerous additional fees.” Lakshithe Wagalath – Co-founder & COO
Elfin Market is a peer-to-peer lending platform, offering borrowers credit 75% cheaper than the average credit card*, with a representative APR of 5.8%, and investors an innovative finance ISA for tax-free returns.