Leveraging BNPL to expand access to credit, with Georg Steiger (BillEase)
How to Lend Money to Strangers
Brendan le Grange
4.9 • 43 Ratings
🗓️ 15 July 2021
⏱️ 37 minutes
🧾️ Download transcript
Summary
The Philippines is home to one of Asia’s best-performing economies, but many of its 60 million adults may be missing out on the party thanks to their limited access to credit. In traditional lending models with manual processes, smaller loans were often simply too expensive to issue, but a new wave of entrepreneurs is looking to set that right.
Georg Steiger is one such entrepreneur. With BillEase, Georg and his team are leveraging cutting-edge data tools and a buy-now-pay-later business model to issue small value loans automatically and safely.
I speak to him about what first drew him to the Philippine market, and how they’re re-thinking data and data modelling.
You can learn more about BillEase here https://billease.ph/
You can find a full written transcript of the show at https://www.howtolendmoneytostrangers.show/episodes/episode-03
And you can read more about profit models for champion/ challenger here https://w.howtolendmoneytostrangers.show/articles/an-introduction-to-champion-challenger
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Transcript
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| 0:00.0 | A Benson's for beds you can get up to 50% off this winter, |
| 0:03.4 | and until Tuesday, save £100 on our temper mattresses, |
| 0:06.6 | which come with a free 10-year guarantee. |
| 0:08.8 | So whether you're looking for an otterman with loads of on-the-beds storage, |
| 0:12.0 | or even a stylish hotel height headboard, |
| 0:14.4 | you can make your bed your way, and the best bit? |
| 0:17.5 | By now, and you'll pay absolutely nothing till 2024, |
| 0:20.7 | search Benson's for beds, sleep made better. |
| 0:23.2 | Terms and conditions apply. |
| 0:24.1 | 29.8% representative APR, |
| 0:26.0 | credit subjectors' status, |
| 0:27.1 | Benson's a requerder broker, not a lender, |
| 0:28.5 | exclusions and minimum spend client. |
| 0:32.2 | I think it's a very interesting market, |
| 0:34.7 | it's houses Asia in general, |
| 0:36.2 | but Philippines in particular. |
| 0:38.0 | And it's a great segment. |
| 0:39.6 | It's the generation that will drive the economy |
| 0:42.4 | in the next 15-20 years. |
| 0:44.3 | And so it's a great way to acquire these customers |
| 0:46.8 | and basically help them to get into the formal system. |
| 0:48.9 | That's kind of a long-term vision. |
... |
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