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Neal Desai, CEO & Co-founder of Kafene - Enabling financial flexibility through lease-to-own

Wharton FinTech Podcast

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The Difference Between Lease to Own and Buy Now Pay Later

A lot of people confuse buying out pay later with lease to own. Can you break it down how and why caffeine is different from buy out pay later to companies? Yeah. For one of our customers who gets approved by us, first of all, they're likely not going to get approved by the buy now pay later companies. It's a catchy phrase, but look, it's just debt. Customers still stuck in a debt product. If they don't make their payments, if things change, if they get over levered, their credit score is going to suffer. That obligation will follow them for years and years and years. In our structure, the customer can just cancel and the agreement

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