Funding growth in modern economies, with Ritwik Ghosh (Seedflex)

How to Lend Money to Strangers

Brendan le Grange

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

5 • 2.6K Ratings

🗓️ 23 May 2024

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

Grab is by far the largest ride-hailing platform in Southeast Asia, the largest food delivery platform, one of the largest digital payment methods, and now, thanks in part to the work of my guest, Ritwik Ghosh, the largest embedded FinTech lending business. That's an impressive set of achievements, but Ritwick and his co-founder, Sauvik Datta, still saw a gap: while Grab is an important platform for many merchants, it is never their only platform, and so any platform-specific effort to deliver revenue-based financing is doing so with at least one eye off the ball.

So they created Seedflex, a frictionless - and platform agnostic - way for online merchants to stay in control of their business, capital and growth.

Ritwik is on LinkedIn at: https://www.linkedin.com/in/ghosh-ritwik/

Seedflex are there, too, at: https://www.linkedin.com/company/seedflex-tech/

But you may want to jump straight to their homepage at: https://www.seedflex.com/

I am on LinkedIn, too, and open to new genuine connections - https://www.linkedin.com/in/brendanlegrange - please also follow the show's page 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

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Transcript

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0:00.0	AI might be the most important innovation ever, with literally billions being invested.
0:05.4	The problem is that AI needs the right data and a lot of speed and processing power.
0:10.4	So how do you compete without costs spiraling out of control?
0:15.0	Time to upgrade to the next generation of the cloud.
0:18.0	Oracle Cloud Infrastructure,
0:19.7	OCI is a single platform for your infrastructure, database, and application development
0:25.1	with AI embedded across at all.
0:27.2	If you want OCI to help you do more and spend less, like Uber, the Premier League,
0:32.4	and Oracle Red Bull Racing, take a free test drive at
0:35.4	Oracle.com.com.
0:39.8	How could we create a platform or a solution which really serves the merchant fully by aggregating or working with multiple platforms with their online marketplaces,
0:56.5	on-demand marketplaces, payment service providers, whoever, we figured that cash flow itself is powerful enough to power a credit model.
1:06.0	You don't need to know the assets of the owner and P&L of businesses who don't actually know what their P&L is because these are micro small businesses.
1:15.4	We are a fee only product and that too is a single time fee because the technical structure of
1:21.3	the product is trading rather than financing that bears interest, late fees and any of that stuff.
1:32.0	I love Manila.
1:33.0	Manila.
1:34.0	When I was first sent there for work, I got the sense it was the Johannesburg of Asia.
1:40.0	A city that most people only go to somewhat reluctantly and only when they work tells and they have to.
1:47.1	And sure, it does lack the golden temples of Bangkok, but like Johannesburg, it's really a great place. One thing that really is
1:56.4	terrible though is the airport. What leads the getting from the airport to the
2:01.4	city? I think it's only six kilometers from the airport to the city. I think it's only six kilometers from the airport
	...

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