It's people helping people, with Craig Smith (JustLend)

How to Lend Money to Strangers

Brendan le Grange

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

5 • 2.6K Ratings

🗓️ 8 June 2023

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Recorded yesterday in front of live audience at Money2020 Europe, I welcome Craig Smith back to the show. Last time we spoke, all the way back in episode 9, Craig was busy launching JustLend but a lot has happened since so we chat about that journey, about where JustLend are today, about communities, and also about a certain appearance on our TV screens.

Anyone who caught Craig’s Dragon Den appearance will already know that their homepage is at: https://justlend.co/ (but also now at www.justlend.co.uk)

And anyone who didn’t, can find that here: https://www.youtube.com/watch?v=VlWfgYT_4sY

Or watch a short on the swimming school in Poole (https://www.youtube.com/shorts/s1qh_mE9HhY) - there are many others to be inspired by.

And honestly, this Money20/20 has shattered and then rebuilt my expectations for an industry. They run shows in the US, in Europe, and in Asia which you can read about at https://www.money2020.com/

You can learn more about myself, Brendan le Grange, on my LinkedIn page (feel free to connect), my action-adventure novels are on Amazon, some versions even for free, and my work with ConfirmU and our gamified psychometric scores is at https://confirmu.com/ and on episode 24 of this very show https://www.howtolendmoneytostrangers.show/episodes/episode-24

If you have any feedback, questions, or if you would like to participate in the show, please feel free to reach out to me via the contact page on this site.

Oh, and if you’re in need of more banking podcasts, you can find related content at https://blog.feedspot.com/banking_podcasts/

Regards, Brendan

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Transcript

Click on a timestamp to play from that location

0:00.0	Before we had hardly any traffic to be totally honest and off that one night I mean you were there we had 190,000 people
0:08.0	come on our site in one minute so it was pretty phenomenal and so we've had hundreds and hundreds of thousands of people come on our site since.
0:18.0	A banking as a service provider who I won't name as I haven't validated their workings but who clearly have a good SEO game claims that were they lending as a service platform
0:32.0	Lenders can see expenditure for acquisition, decisioning and servicing of loans reduced by up to 80%
0:40.0	If it works for a high street bank and it works for a digital bank and it works for a non bank lender
0:45.0	Why couldn't it also work for that most fenerable of financial institutions? The bank of Mum and Dad
0:51.0	As you'll hear and indeed as you may have already heard in the bonus episodes this week I'm in Amsterdam at the moment for money 2020
0:59.0	It's a big moment for me I've been meeting some really interesting people and learning from some really interesting talks
1:06.0	And it's a big moment for the show yesterday I recorded this episode in front of the biggest live audience I've ever had
1:12.0	And today if you're listening to this as it comes out I'm recording another one for next Thursday
1:17.0	Both about lending sure but both also in the spirit of the event about entrepreneurship and what it means to be a founder
1:26.0	Welcome to Heart's Lend Money to Strangers with Brendan Lagrange
1:37.0	Craig Smith Founder and CEO of JustLend welcome back to the show
1:49.0	Thank you for having me again
1:51.0	I say welcome back because obviously you were the star of episode 9 of the show 18 months ago or so
1:57.0	But for people who maybe haven't gone that far back into my back catalogue
2:02.0	What is JustLend and what is your mission? What are you trying to achieve with this business?
2:08.0	When it comes to JustLend and what is JustLend originally it was basically just become the bank of Mum and Dad
2:13.0	Bank of Mum and Dad family and friends that was the original ambition
2:17.0	You could have always described it as like go fund me for loans but in a closed loop environment
2:22.0	Yes I've been telling other people lending as a service for friends and family loans
2:27.0	Is that kind of close enough?
	...

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