The longest running one-on-one interview show in all of fintech, since 2013
The longest running one-on-one interview show in all of fintech, since 2013
The longest running one-on-one interview show in all of fintech, since 2013
Small business owners have always struggled to get access to capital. And while fintech has made a big difference, for many in the Latinx community it remains a serious struggle. This struggle is something the next guest on the Lend Academy Podcast knows all too well.
The small business lending space continues to focus on the Paycheck Protection Program. But as this program winds down, it is legislated to end on June 30, what happens next for the small business lenders?
It is often said in the lending business that it is easy to loan money out, the difficult part of trying to get it back. And in challenging times, like we are living in now, that job becomes even more difficult. So, I thought it was time we talked about strategies for collecting money in tough economic conditions.
In today’s world to build a success intermediary business you have to be able to add obvious value to the consumer. While some consumers are happy to shop around for the best deal many want someone else to do the legwork for them. And if that legwork guarantees them the best deal then you can build a successful business.
Raising capital for non-bank lenders is a time-intensive endeavor and the same could be said for investors deploying capital on these platforms. It would be better if there was an intermediary between these two parties that could make this whole process more efficient. Our next guest on the Lend Academy Podcast recognized this problem and did something about it.
The latest episode of the Lend Academy Podcast is a little different. Given that this is the launch week of LendIt Fintech Digital, I decided to bring together my two LendIt colleagues, Bo Brustkern (CEO and Co-Founder) and Todd Anderson (Chief Product Officer) to talk about our new offering.
There are still three billion people around the world who are currently left out of the financial system. While many great organizations have done important work here there is so much more that needs to be done. And that was before the current crisis. The impact of the coronavirus will be felt more harshly in the developing world so the work being done in financial inclusion is more urgent than ever.
Small business lenders have been in the spotlight this month as hundreds of billions of dollars in loans are distributed to needy American businesses. While fintech should have been front and center in this initiative it has found itself sitting on the sidelines. But with round two just signed into law today fintech has an opportunity to help now.
Every small business lender in the country has been focused on one thing only this month: the Paycheck Protection Program. The PPP was designed to be the savior of many small businesses but unfortunately the rollout has been anything but smooth. And we learned just yesterday the $350 billion has now gone with no more money expected in the short term.