Good discussion.
I’ve invested in different types of #credit/lending startups.
Credit is VERY hard but looks ‘easy.’
But I’ve asserted for years that it’s bigger (& more lucrative) than payments. Yet hugely underserved.
That may be a reason for the interest.
Access to cheap debt?
I’ve invested in different types of #credit/lending startups.
Credit is VERY hard but looks ‘easy.’
But I’ve asserted for years that it’s bigger (& more lucrative) than payments. Yet hugely underserved.
That may be a reason for the interest.
Access to cheap debt?
https://twitter.com/mwseibel/status/1517277956099350528
That’s just one variable in the credit equation.
No-file/thin-file credit histories reaffirm but complicate the opportunity.
Ability to pay & willingness to pay are not coterminous.
Consequences of default aren’t well understood across geos.
Better sightline infra is still a WIP.
No-file/thin-file credit histories reaffirm but complicate the opportunity.
Ability to pay & willingness to pay are not coterminous.
Consequences of default aren’t well understood across geos.
Better sightline infra is still a WIP.
https://twitter.com/eghosao/status/1366968135144898560
Underwriting at scale is much harder than it looks. Truly automating this is holy grailish. Many startups are doing this w/ vibes, winks & inshallah. Excel gymnastics won’t save them.
There is a huge gap in the timing AND breadth of products offered vs those demanded or needed.
There is a huge gap in the timing AND breadth of products offered vs those demanded or needed.
Automating both of the above is a gigantic opportunity.
Default & Collections management is a whole different playbook. Surprised more startups haven’t truly tackled this.
Anyway, shout out to @aehartz123 for writing a superb post that was so spot-on re my thesis I got skurred.
Default & Collections management is a whole different playbook. Surprised more startups haven’t truly tackled this.
Anyway, shout out to @aehartz123 for writing a superb post that was so spot-on re my thesis I got skurred.
https://twitter.com/aehartz123/status/1288810612378796039
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