'Capital as a Commodity: How Technology is Reshaping Global Finance' finance fintech
How do traditional banking models give way to innovations, why is it worth tapping into the potential of the subprime and near prime customer segments, and what is trending now in the fintech industry? I have discussed these and a few other issues with Sergey Mosunov, co-founder of a financial startupB9 provides financial services, including 0% fast loans.
B9 is primarily focused on the consumer finance area. Our mission is to provide our customers with access to funds at a 0% interest rate—so, this is basically the capital as a commodity business model. We target an audience with an average monthly income of $2000-3000 who often live from paycheck to paycheck and might not be able to allow large unexpected expenses in case of urgency. These are mostly blue-collar workers: field technicians, construction workers, car service employees, etc.
But what if you need this money right away? For example, there’s a sudden medical condition or unexpected expenses that exceed your budget. Here’s where we can be of help. The process of scoring and approval at B9 is fully automated and takes only a couple of hours, so you can get the required sum in almost no time. All you need is to install our app and switch to getting salary on your B9 bank account. The subscription fee for using the service is as little as $9.99 per month.
We believe this is a highly promising model that meets the needs of our target audience. One of our customers shared a story when he suddenly had to pay for the medical treatment for his child which cost something like $300. With B9, he was able to get the money in just two hours and pay for the treatment. And there are different other cases like this.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Introductory Guide to Voice Technology Implementation | HackerNoonDiscovering the possibilities of Voice Technology, by exploring its installation process. Here is revealed the needed code and screens for a successful setup.
Baca lebih lajut »
Covid test frenzy is windfall for delivery services, and their driversSurging demand for Covid-19 tests has been a windfall for delivery apps like Gopuff, DoorDash, and FastAF. One driver sees tips jump by more than 500%.
Baca lebih lajut »
Google org chart reveals 141 leaders in search and advertisingWe identified the 141 most important people running Google's giant search and advertising businesses. Explore our exclusive org chart.
Baca lebih lajut »
Expect more cannabis M&A deals and consolidation, according to top VCsInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Baca lebih lajut »
How social media affects entrepreneurs and their mental healthAn artist grew her business on TikTok to 6 figures in sales and 235,000 followers. Then, she quit social media knowing it would sink her business but save her mental health.
Baca lebih lajut »
Birth rate trend: 5 reasons why millennials are having fewer babiesInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Baca lebih lajut »