Fixing global credit
Examples of underserved consumers might be millenials, expats and refugees – individuals who haven’t had time to build their credit profiles. Other examples could be self-employed people who have a growing order book but no scaled income, or start-up entrepreneurs who need money to innovate for future value creation.
This is an issue for specific customer segments in the western countries as well as in developing countries like Brazil, Russia, India or South East Asian nations, where many people don’t have the financial history to qualify for lending.
We believe that the lending process applied by global lenders is outdated. The customer experience is too long, and consists of tedious questions analysed through a biased lender viewpoint. The customer’s credit history is the primary factor in deciding financial risk.
