P2P Lending is Not Dead, with Mukesh Bubna (Monexo)
How to Lend Money to Strangers
Brendan le Grange
4.9 • 43 Ratings
🗓️ 9 June 2022
⏱️ 29 minutes
🧾️ Download transcript
Summary
I feel a strange affinity with peer to peer lending. I've never done it myself as a lender, borrower or connector but one of the first projects I ever did in my MBA, some 16 years ago now, was on Zopa and the emergence of the P2P model. But more recently, the headlines have been bearish, with Zopa and Funding Circle - two pillars of the form - both shutting down their retail P2P arms.
As a lending model, P2P felt all but dead.
Except that, as the tide pulled back, one or two gems were still lying on the beach: like Monexo, the Chennai-based P2P whose founder and CEO, Mukesh Bubna, joined me for this chat. Mukesh and his team have turned P2P into an alternative inflation-beating investment option for investors, and an affordable path to credit-building for borrowers.
You can read more about Monexo at https://www.monexo.co/in/ (and watch some of those videos Mukesh mentioned while you’re there)
Finally, if it is me you're after, you can find me on my LinkedIn page (feel free to connect), my action-adventure novels on Amazon, some versions even for free, and my work with ConfirmU and our gamified psychometric scores is at https://confirmu.com/ as well as on episode 24 of this very show https://www.howtolendmoneytostrangers.show/episodes/episode-24
If you have any feedback or questions, if you would like to participate in the show, or if you'd like to find full written transcripts with timestamps head on over to HowtoLendMoneytoStrangers.Show
Regards,
Brendan
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Transcript
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| 0:00.0 | Oh, hello, you caught me practicing on my new slide whistle. |
| 0:04.8 | You see, spec savers have asked me to tell you about something very exciting. |
| 0:08.6 | And as it's radio, I thought, well, it's always best to use sound, isn't it? |
| 0:12.5 | So here it goes. |
| 0:14.1 | While prices everywhere are going. |
| 0:16.7 | At spec savers, they're coming. |
| 0:18.9 | Thank you. |
| 0:19.9 | With glasses now from just £15, you're better off with spec savers. |
| 0:24.3 | I could have just said that, I suppose. |
| 0:26.3 | It's standard single vision lenses asking store for details. |
| 0:31.0 | I have a big faith on peer to peer learning. |
| 0:35.4 | This industry can decentralize this intermediate risk. |
| 0:39.8 | Because risk is spread over millions of investors and millions of models. |
| 0:44.4 | Peek to peer learning is an open kitchen. |
| 0:46.8 | And everything we do is in public mind. |
| 0:50.2 | So I think this model has had its ups and downs, but I think the root is being put |
| 0:55.8 | out and it will emerge as a winner in large accolades as I've seen it. |
| 1:01.9 | What it means is we are giving you a photo book right. |
| 1:04.4 | There are people in the market and we all know these small loans are not easily profitable |
| 1:09.3 | and unless you charge a like longer IRR of 120%, right? |
| 1:13.9 | But we have consciously taken that that's not the right path. |
| 1:17.1 | There's a user rate. |
... |
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