How to Lend Money to Strangers

Latest Episodes:

Pioneering fintech in Uruguay, with Mateo Infantozzi (Prezzta and Octa.dev) Dec 22, 2022

Show notes

In one way, it's slightly surprising that Mateo Infantozzi Riembau was a fintech founder. Not because there were no signs of entrepreneurial thinking, but because his early successes came from the travel industry. And yet he's done it twice, at a time were "there was little room for startups in Uruguay, and even less room for fintechs". But local innovators have changed that quickly. Now "fintech is sexy", and Mateo and his co-founders played a significant role in that change.

You can find Prezzta at https://www.prezzta.com/ (or on LinkedIn)

You can find Octa at https://www.octa.dev/ (or on LinkedIn)

You can learn more about myself, Brendan le Grange, on my LinkedIn page (feel free to connect). The show has its own page there, too, and is also present, but less active, on Instagram and Twitter using the @HTLMTS handle. My action-adventure novels are on Amazon, some versions even for free, and my work with ConfirmU and our gamified psychometric scores is at https://confirmu.com/ and on episode 24 of this very show https://www.howtolendmoneytostrangers.show/episodes/episode-24

If you have any feedback, questions, or if you would like to participate in the show, please feel free to reach out to me via https://www.howtolendmoneytostrangers.show/contact-us

Oh, and if you’re in need of more banking podcasts, you can find related content at https://blog.feedspot.com/banking_podcasts/

Regards,

Brendan

Hosted on Acast. See acast.com/privacy for more information.

A credit bureau for emerging markets, with Burak Kilicoglu (CreditInfo) Dec 15, 2022

Show notes

When I was living in Denmark and working at Experian, my boss’s boss was a rockstar, you would never hear Burak Kilicoglu ’s name mentioned without an associated compliment. And I wasn’t the only one to notice, so he was soon snapped up by Creditinfo to be their Director of Global Markets - a perfect-sounding guest for this show, right? Unfortunately, though I tried, I never managed to get Burak on…

That’s how I introduced my episode with Paul Randall, CEO of Creditinfo but I’m pleased to say, it is no longer true. Because in this episode of HTLMTS, I’m sitting down with Burak himself to chat about data as a route to improved access to credit in emerging markets, about lending to SMEs, and about what it means to react quickly in volatile markets.

Creditinfo can be found at https://creditinfo.com/ or, as Burak mentioned, if you want to start a conversation with one of the team, their contact info is here https://creditinfo.com/about-us/our-group-management/

They are also on LinkedIn https://www.linkedin.com/company/creditinfo-group/ (from which you’ll find links to the individual country pages)

The ESG data project he mentioned is explained in more detail here: https://chronicle.creditinfo.com/2022/10/24/creditinfo-launches-esg-data-platform/

If you have any feedback, questions, or if you would like to participate in the show, please feel free to reach out to me via https://www.howtolendmoneytostrangers.show/contact-us

Oh, and if you’re in need of more banking podcasts, you can find related content at https://blog.feedspot.com/banking_podcasts/

Regards,

Brendan

Hosted on Acast. See acast.com/privacy for more information.

Building the P2P app she needed because no one else would, with Lika Osmanova (Lendwill) Dec 08, 2022

Show notes

I’ve said it before, and I’ll say it again, I feel an affinity for the peer-to-peer lending model. My initial interest was sparked during an MBA project 16 years ago and reinvigorated more recently by interviews on here with Monexo and Kiva. And I’m building on that today, with Anzhelika Osmanova, founder of Lendwill, a community-first P2P platform coming to us out of Norway.

You can read more about Lendwill, right where you’d expect to, https://lendwill.com/ (worth the click for the design touches alone) but both Lika and Lendwill can be found on LinkedIn, too.

During our chat, Lika raised issues around cross-border credit scores also covered by Misha Espiov and Ash Bhatt on this same show, so you can click those links if that’s your area of interest.

If you have any feedback, questions, or if you would like to participate in the show, please feel free to reach out to me via the contact page on this site.

And if you’re in need of more banking podcasts, you can find related content at https://blog.feedspot.com/banking_podcasts/

Keep well, Brendan

Hosted on Acast. See acast.com/privacy for more information.

Strategy meets data science when it comes to SME lending, with Frank Gerhard (McKinsey & Company) Dec 01, 2022

Show notes

“This is not a small change, and it doesn't affect isolated groups. This is not just an IT problem. This is not just a modelling problem. This is not something the business can solve on its own. This really requires board attention to actually bring together those teams and ensure that there is really cohesion across the organisation.” - Frank Gerhard, Solution Associate Partner and CTO at Risk Dynamics, part of McKinsey & Co.

Gone are the days when senior business leaders could leave the data crunching to propellor-hat-wearing quants in a back room, now there’s a seat at the Boardroom Table for data and analytics, or at least there should be. In this episode, Frank and I speak about the strategic elevation of analytics and how innovations from just a year or two ago are already mere table stakes, but in particular, we talk about all of this in the context of SME lending where lenders are feeling them acutely.

I first found Frank via his co-authorship of this article on “How banks can reimagine lending to small and medium-size enterprises” but we also reference this article on “Designing next-generation credit-decisioning models” which is worth a read, and has more insights we had time to fully explore.

Frank is on LinkedIn and available via email, or for more insights from him and his colleagues, you can head over to https://www.riskdynamicsgroup.com/our-insights or https://www.mckinsey.com/

Frank also mentions Quantam Black, AI by McKinsey’s - their work is at https://www.mckinsey.com/capabilities/quantumblack/how-we-help-clients

Andrew Ng's thoughts on great data versus big data: https://spectrum.ieee.org/andrew-ng-data-centric-ai

You can learn more about myself, Brendan le Grange, on my LinkedIn page (feel free to connect), my action-adventure novels are on Amazon, some versions even for free, and my work with ConfirmU and our gamified psychometric scores is at https://confirmu.com/ and on episode 24 of this very show https://www.howtolendmoneytostrangers.show/episodes/episode-24

Oh, and if you’re in need of more banking podcasts, you can find related content at https://blog.feedspot.com/banking_podcasts/

Hosted on Acast. See acast.com/privacy for more information.

NFT-backed crypto loans, with Nuno Cortesão (Zharta) Nov 24, 2022

Show notes

Pawnshops are one of the oldest forms of lending, allowing people to turn assets they’d like to keep for the long-term into cash in the short-term - granny’s broch, those statues great uncle Thomas brought back from Greece, your Bored Ape Yacht Club NFT. OK, one of those is not the same as the others, but our definition of ‘asset’ is changing, so where do holders of digital assets go if they want to access quick cash but they don’t want to sell?

Well, maybe to Zharta, “a real-time NFT loan platform for borrowers and lenders”. Zharta allows consumers to get instant loans with their NFTs without losing ownership over them. Join me and Nuno Cortesão, their CEO and co-founder as we talk about NFT-backed lending and where digital assets might go in the future.

Zharta is found at https://www.zharta.io/ Or on LinkedIn and the other social medias (Twitter, Discord, and the ones for kids cooler than me)

Zharta was speaking at Web Summit earlier this month, and I expect they will be back at the event again next year - certainly, I will be. If you would also like to attend, I suggest you jump on this link for the last few 2 for 1 early bird tickets. You'll also hear that Nuno and I will both be at the Rugby World Cup in France, so let me know if you're heading to either event, and maybe we can grab a drink.

We also speak about traditional pawnshops, which were featured on episode 31 of this show with James Constantinou (check it out to see how unique physical assets are evaluated and used as collateral)

For my stuff, visit me on my LinkedIn page (feel free to connect), while my action-adventure novels are on Amazon, some versions even for free, and my work with ConfirmU and our gamified psychometric scores is at https://confirmu.com/ and on episode 24 of this very show https://www.howtolendmoneytostrangers.show/episodes/episode-24

If you have any feedback or questions, if you would like to participate in the show, or if you'd like to find full written transcripts with timestamps head on over to HowtoLendMoneytoStrangers.Show

Oh, and since you like banking podcasts, head on over to https://blog.feedspot.com/banking_podcasts/ to find related content that you may find interesting.

Hosted on Acast. See acast.com/privacy for more information.

Tax credit lending in future industries, with Zach Tarica (The Forest Road Company) Nov 17, 2022

Show notes

“If you look at the things we do as a company, whether it's in digital assets, renewable energy, or media and entertainment, we are always looking at how to structure financial products to push disruptive industries forward. We are banking on, and betting on the future.”

Let's fund a movie. Truth be told, I don’t watch a lot of movies these days. There was a time I could use long flights to catch up, but even those days are gone for now. Maybe that’s why I’ve never spent much energy thinking about how they’re funded. I guess I always just assumed that they were exclusively funded by a small group of risk-hungry Hollywood types with incredibly deep pockets, winning big on some rolls and losing big on others.

Well, as it turns out, there’s a lending model there. And more than that, it’s a lending model that connects movies to green energy to digital assets. Join me and Zachary Tarica, founder and CEO of The Forest Road Company as he talks me through tax credits and tax credit lending, and how TFRC is putting “money in the hands of people that are pushing transformative industries forward?”

As Zach mentions on the show, you’re free to start a conversation by emailing them at info@forestroadco.com or by reading the extensive content on their homepage www.forestroadco.com

On Twitter they’re @forestroadco and on LinkedIn they’re @theforestroadcompany

If you have any feedback or questions, if you would like to participate in the show, or if you'd like to find full written transcripts with timestamps head on over to HowtoLendMoneytoStrangers.Show

Oh, and since you like banking podcasts, head on over to https://blog.feedspot.com/banking_podcasts/ to find related content that you may find interesting.

Hosted on Acast. See acast.com/privacy for more information.

Gamifying a route to a long-term credit relationship, with Jorge Enriquez (Credilikeme) Nov 10, 2022

Show notes

The Mexico lending market is not one I know well. It’s not one I know at all, truth be told.

Luckily, Jorge Enriquez is blessed with an infectious laugh and an easy manner that immediately put me at ease. It’s something I soon learned was part of the DNA of his business: “we understand that asking for a loan is a stressful situation, so we need to create the right environment for our customers to feel 'eh, we got you, you're with Credilikeme, just chill, relax, we're going to take care of you...'”

Credilikeme is a personal loan business built on experimentation and gamification, and built for borrowers - we discuss all of this and more on today's episode.

If you would like to learn more about Credilikeme, head on over to their website: https://credilike.me/

But they're also big on social media. Start with YouTube, where they put out a lot of content https://www.youtube.com/c/CredilikemeOficial or click here for Instagram or Twitter

If you have any feedback or questions, if you would like to participate in the show, or if you'd like to find full written transcripts with timestamps head on over to HowtoLendMoneytoStrangers.Show

Oh, and since you like banking podcasts, head on over to https://blog.feedspot.com/banking_podcasts/ to find related content that you may find interesting.

Hosted on Acast. See acast.com/privacy for more information.

More appealing credit card offers (and a trip around the world), with Chris Hutchins (All The Hacks) Nov 03, 2022

Show notes

The credit card landscape glitters with options for the consumer - different rewards earned at different rates, in different ways, sometimes with an annual fee and sometimes not, all wrapped in countless different brands and colours.

Chances are, there’s a product out there that is perfect for every consumer.

Chances are, it’s bloody hard to find.

That’s where Chris Hutchins comes in. In, All The Hacks, Chris gets deep into the weeds matching consumers to credit card offers with an understanding of the market that can benefit both sides. All The Hacks is not just a great listen, it can save you money and improve your life, so seek it out on any of the major podcast platforms, or listen on its home page here: https://www.allthehacks.com/

You can find my research on first card in wallet over here https://www.linkedin.com/pulse/younger-consumers-seeking-out-credit-cards-clear-value-le-grange/ or at https://www.transunion.hk/resources/transunion-hk/doc/insights/Insights-On-Being-First-Card-In-Wallet.pdf

If you want to start your own Laid Off Camp - here’s the wiki to get you going http://wiki.laidoffcamp.com/w/page/14510849/FrontPage (and it’s a great idea for this economy because if I think back to my own MBA thesis, there’s a momentary spike in entrepreneurial activity post layoff but that drops with as unemployment persists, so we really only have a narrow window to make it work).

And, speaking of me, you can pop over to my LinkedIn page (feel free to connect), my action-adventure novels are on Amazon, some versions even for free, and my work with ConfirmU with our gamified psychometric scores is at https://confirmu.com/ and on episode 24 of this very show https://www.howtolendmoneytostrangers.show/episodes/episode-24

If you have any feedback or questions, if you would like to participate in the show, or if you'd like to find full written transcripts with timestamps head on over to HowtoLendMoneytoStrangers.Show

Oh, and since you like banking podcasts, head on over to https://blog.feedspot.com/banking_podcasts/ to find related content that you may find interesting.

Keep well, Brendan

Hosted on Acast. See acast.com/privacy for more information.

Fueling your business with other people’s money, with Jonathan Fodera (Integrated Business Financing) Oct 27, 2022

Show notes

“Would I prefer cash through debt, or cash through equity?

I would always choose cash through debt - what happens in partnerships is one person always works harder, and there is always some level of resentment towards the other ones, (and) you could always find a coach, you could always find a consultant or a mentor. And typically, you're going to have a lot fewer challenges.”

There's good debt and bad debt. Essentially, debt is good when it is funding the purchase, today, of an asset that will create value in the future. This is why, in the consumer lending world, mortgage debt is typically good and credit card debt is, well, less commonly so. There are so ways in which we, as consumers, can be tempted into using debt to purchase consumables. But in the business lending world, that ratio skews more towards the good debt side of the equation, because there are so many more value-generating assets to consider - does the business need a new building, or a new machine, or to hire a team to break into a new region.

Unfortunately, the business lending world can also be overwhelmingly confusing for small business owners. Jonathan Fodera, president at Integrated Business Financing, is here today to help me get my head around the options. Jonathan helps businesses of all sizes grow and scale by finding the best financing solution possible, from SBA loans to equipment financing to working capital lines to invoice factoring to startup loans and more.

You can find Jonathan over on LinkedIn https://www.linkedin.com/in/jonathan-fodera-391a98a1/ (or using jonathan.fodera on the other platforms)

Integrated Business Financing is there, too, but there home page is over here: https://www.integratedbusinessfinancing.com/ for a more direct route to the info you’re after

They also have a YouTube channel if videos are more your thing https://www.youtube.com/channel/UCv9gp1n6t2lmyVicsTXZYeQ

If you have any feedback or questions, if you would like to participate in the show, or if you'd like to find full written transcripts with timestamps head on over to HowtoLendMoneytoStrangers.Show

Oh, and since you like banking podcasts, head on over to https://blog.feedspot.com/banking_podcasts/ to find related content that you may find interesting.

Hosted on Acast. See acast.com/privacy for more information.

Using the power of amortisation for good, Jinesh Vohra (Sprive) Oct 20, 2022

Show notes

I spend a lot of time talking about how to create debt for consumers. I do it because I believe that, when done right, debt can be beneficial to all parties involved, like a mortgage that generates wealth for the middle classes through property ownership. But that doesn’t lessen the fact that debt carries a cost, a cost that is now quickly rising. We know that mortgage rates are on the up, because it’s on every other newspaper headline these days, but what’s harder to ascertain is what we can do about that - other than building a time machine to take us back to when houses were cheaper.

Except, there are other ways.

It’s just not in the interest of lenders to make them obvious. Which is why it sometimes takes an outsider to disrupt the status quo. Enter, Jinesh Vohra and Sprive, the app that helps you overpay your monthly mortgage, turning the power of compounding interest in your favour for once.

“Being mortgage free should be achievable for everyone… it really changes your life”

Jinesh posts regularly on LinkedIn and is open to DMs, so follow his account and do reach out if you have questions

As mentioned in the show, your first port of call if you want to check out the app is your friendly local App Store (Apple) or (Android)

If it is just information you’re after, then Sprive’s home page is where it is likely to be https://sprive.com/ And you don’t take their word for it, it seems like every week there’s a new letter in the press, or update online, from a happy customer (~40% of SpriveApp's active user growth was from customer referrals).

More on annuity curves, can be found here (https://www.howtolendmoneytostrangers.show/articles/perfect-paydown-curves) and here (https://www.howtolendmoneytostrangers.show/articles/annuity-curves-for-portfolio-management)

While you can learn more about myself, Brendan le Grange, on my LinkedIn page (feel free to connect), my action-adventure novels are on Amazon, some versions even for free, and my work with ConfirmU and our gamified psychometric scores is at https://confirmu.com/ and on episode 24 of this very show https://www.howtolendmoneytostrangers.show/episodes/episode-24

If you have any feedback or questions, if you would like to participate in the show, or if you'd like to find full written transcripts with timestamps head on over to HowtoLendMoneytoStrangers.Show

Oh, and since you like banking podcasts, head on over to https://blog.feedspot.com/banking_podcasts/ to find related content that you may find interesting.

Hosted on Acast. See acast.com/privacy for more information.

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