In this episode of Fintech Thought Leaders by QED Investors, Managing Partner Nigel Morris is joined by Albert CEO Yinon Ravid, Wagestream CEO Peter Briffett, Mission Lane CEO Shane Holdaway and QED Investors Partner Yusuf Özdalga.
Tune in to learn:
- [11:25] Why saving small amounts of money, in an automatic way, can be the bedrock of financial health.
- [16:10] How Wagestream's "Save the penny" concept has broken down the barrier for hourly workers to save money through earned-wage access.
- [17:25] The psychology of credit scores among near- and sub-prime customers.
- [23:00] Why main-stream banks have chosen to ignore these customers and how fintechs can fill that need.
- [25:05] The reputational stigma associated with sub-prime lending.
- [27:30] The role of regulators and how they legitimize fintechs while building necessary guardrails.
- [34:16] How to build on a core wedge product with additional services
