1328: How One Fintech Helps U.S. Newcomers Establish Immediate Credit

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.7 • 1.9K Ratings

🗓️ 9 March 2022

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

Misha Esipov is the CEO and co-founder of Nova Credit, the mission-driven fintech company building a fair and inclusive financial system for the world. The consumer-permissioned credit bureau helps U.S. newcomers to use their international credit history to apply for credit cards, auto loans, rental properties and more with the Credit Passport™. Through this offering, the company has built partnerships in over 20 countries to gain real time access to over a billion credit profiles. Misha holds a B.S. in Mathematics and Finance from New York University and an M.B.A. from the Stanford Graduate School of Business. Want more articles and videos by Farnoosh? Check out www.cnet.com/somoney. Subscribe to her weekly So Money newsletter for the latest updates and advice. Catch her weekly money videos on YouTube. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	So money is brought to you by CNET, the site that shows how to navigate change all around us.
0:06.4	So money episode 1328, Misha Esapov, co-founder and CEO of NOVA Credit.
0:14.4	You're listening to So Money, with award-winning money guru Farneesh Karabi.
0:18.9	Each day, in a 30-minute dose of financial inspiration from the world's top business minds,
0:24.1	authors, influencers, and from Farneesh herself.
0:28.2	Looking for ways to save on gas or double your double coupons?
0:31.9	Sorry, you're in the wrong place.
0:34.1	Sinking profound ways to live a richer, happier life. Welcome to So Money.
0:40.8	One of the things that makes the crisis in Ukraine and the war unique, objectively,
0:46.8	to what happened historically in other past refugee crises like in Syria and Afghanistan,
0:52.8	is that the credit reporting system is actually relatively well built out.
0:56.9	There are three bureaus. They have fairly high coverage.
0:59.5	And so in those past refugee crises where there wasn't any data to be able to rely upon,
1:05.1	there is opportunity here to allow those individuals, hundreds of thousands today,
1:10.5	could be millions quite soon, to unlock their own data and to arrive in today,
1:16.9	what is Poland and other parts of Europe and over time will become broader parts of Europe
1:21.6	and North America and not have to start over.
1:25.2	Welcome to So Money, everybody. I'm Farneesh Tarabi.
1:27.8	We are talking about money at the intersection of credit and equity.
1:31.6	Our guest is Misha Asapov. He is co-founder and CEO of NOVA Credit,
1:37.6	a company that is on a mission to build a fair and inclusive financial system for the world.
1:43.2	The company helps US newcomers to use their international credit history to apply for credit cards
	...

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