Building a $15B+ embedded loan management platform, with LoanPro CEO Rhett Roberts
The Fintech Blueprint
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How Does Money Movement Happen in the Consumer Lending Space?
Goce: When you're lending, almost regardless of the verticalo who your customer is and what you're borrowing against, the life blood of your business is being able to move money around in payments. And so it's kind of scary and risky for a lender, especially in the non traditional lending space. The difficulty is the redundancy in payment processors. So as a lender ourselves, we said, well, that doesn't make a lot of sense. We would like to have some redundancy in our payment processors and integrate with a standardized API. Goce: Probably 90 plus % of our transactions are rocurring from a feature within loan pro we call auto pay.
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