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How to Lend Money to Strangers

Cross-border lending in the EU, with Kaido Saar (MiFundo)

How to Lend Money to Strangers

Brendan le Grange

Credit, Fintech, Management, Lending, Banking, Business, Careers

52.6K Ratings

🗓️ 2 May 2024

⏱️ 22 minutes

🧾️ Download transcript

Summary

I was going to use a quote from Drachen here, because I remembered being quite proud of how I described Tallinn in there, but it turns out I remembered... generously So let's just say that Estonia is a fantastic place to visit this summer. But don't stop there, explore the other Baltic States while you're at it, maybe make a road trip of it and check out Poland, Czechia, and Germany, too. The borderless EU is your playground.



And, before the disaster that is Brexit, I enjoyed that freedom of movement as a resident, spending two wonderful years living and working in Copenhagen. Many still do, and that's where Mifundo come into the picture. We've spoken about cross-border credit bureau solutions before, and how they help immigrants, Kaido Saar will talk about that today, too, but within Europe immigration is often more of a tidal flow than a river's unidirectional run to the sea so we'll also discuss how that's baked into their solution.



Kaidoo and the team will once again be at Money20/20 in Amsterdam next month as part of the Estonian Fintech booth - https://europe.money2020.com/ I should be there, too, provided I get my logistics sorted in time, so if you're going to be in town, let's make a plan to meet up at the event or at one of the many after parties 😉.



You can learn more about Mifundo and book a demo at https://banks.mifundo.com/



Or you'll find them and Kaido both on LinkedIn: https://www.linkedin.com/company/mifundo-com/ and https://www.linkedin.com/in/kaido-saar/



For natural biodegradable straws from reed, go to https://sutustraws.com/



I'm on LinkedIn, too, and always open to new genuine connections - https://www.linkedin.com/in/brendanlegrange - and follow the show's page, too, while you're there.



Meanwhile, my action-adventure novels are on Amazon, some versions even for free, and my work with ConfirmU and our gamified psychometric scores is discussed at https://confirmu.com/ and on episode 24 of this show https://www.howtolendmoneytostrangers.show/episodes/episode-24



And finally, I'm also co-creating a new podcast called hAIghtened senses which will look at the intersection between human senses and technology, especially AI-powered technology. You can already start to follow it wherever you're listening to this one - there's only a trailer there at the moment, but we've recorded some of the early episodes and it's going to be a fun ride!



Keep well, Brendan



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

Transcript

Click on a timestamp to play from that location

0:00.0

Here we go again running a small business. I should be used to early mornings.

0:05.1

Gotta stay ahead of the competition. After all the early bird catches the sun lounges by the pool.

0:14.0

With an American Express business card, spend securely and earn points on business transactions to put towards your dream holiday.

0:21.0

Right by the bar as well.

0:23.0

The card is for business.

0:24.0

The points are for pleasure.

0:26.0

Search Amex Business Card.

0:27.0

Terms and annual fees apply.

0:28.0

18-plus subject to status.

0:30.0

If you have nothing, you have to build it. And this is what Estonians did. They built it.

0:38.0

Credit products are highly local. People might have brilliant credit history in own country, but on the moment they are moving to another country, they become nobody.

0:48.8

Banks do not trust them anymore.

0:50.8

We fund there is a data solution which unlocks cross-border lending for people

0:54.8

and banks, unifying data from different countries into one single half, standardizing the data,

1:01.2

analyzing the data, and presenting it to the banks over one single API.

1:06.0

TALIN is a beautiful old town, genuine fairy tale stuff. In fact, and this should not be held against it.

1:19.2

It is what inspired me to start writing my first and always free on Amazon novel

1:24.5

Draken. We explored it over a couple of sunny days and it is hard to think of

1:29.3

somewhere more enchanting. Except perhaps Tallinn in the snow. don't know, but I'm going to have to go back one winter to check it out.

1:36.8

So if you've got an event, let's be honest anyway in the Baltics, I'll have Riga and Vilnius just as much. Let me know.

1:43.0

Anyway, welcome to the 150th episode of How to Learn Money to Strangers with Brendan LeGrange.

1:50.0

In our 50th country visited. Kaido Sarr, co-founder and CEO of Mifundo.

...

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