Loan app Amico formalises family and friend contracts

Loan app Amico formalises family and friend contracts
The idea for Amico was born from founder Tom Aitken’s experience working at one of the big four banks. (Image: Supplied)
John Anthony
A former banker turned Hawke’s Bay farmer has created a peer-to-peer lending app designed to simplify and formalise loan agreements between family and friends.Amico, which translates to “friend” in Italian, was launched last week by Tom Aitken along with Melbourne-based business partner and co-founder Kris Hunter.The app, designed to reduce the complexities and risks of informal loans, offers a structured and legally binding solution and is believed to be the first of its kind in New Zealand.“It is really trying to help...

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