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1/ the scale of FinTech in China is mind blowing
in one year, Ant Group originated loans to 500 million consumers
this is unsecured lending, done 100% via mobile, with Ant providing the origination and servicing and banks underwriting the loans
wsj.com/articles/jack-…
in one year, Ant Group originated loans to 500 million consumers
this is unsecured lending, done 100% via mobile, with Ant providing the origination and servicing and banks underwriting the loans
wsj.com/articles/jack-…
2/ Ant takes none of the capital risk, but takes 30-40% of the interest on the loans for providing the technology and servicing
capital is no longer a competitive advantage!
lending as a service is coming, and FAST
capital is no longer a competitive advantage!
lending as a service is coming, and FAST
3/ as covered in our @CoinSharesCo #CryptoCreditSummit, the crypto ecosystem has figured out securitization and is now figuring out lending
while crypto lending today is 100% collateralized (backed by assets), unsecured lending is coming!
learn more: coinshares.com/insights/crypt…
while crypto lending today is 100% collateralized (backed by assets), unsecured lending is coming!
learn more: coinshares.com/insights/crypt…
