What Do Successful FinTechs Have In Common?
See 11/12/15 video from Lendit USA 2015 Closing Keynote
by Ron Suber, President of Prosper
Takeaways:
3 things all successful FinTechs have in common:
– Capital, Product and Operations
Capital:
– Diversified
– Varied risk appetite
– Ready
– “Permanent”
Product:
– Acceptance
– Ease of use
– Meet the needs
– Customer experience
– Repeat business
– New products
– Varied customer acquisition
Operations:
– Underwriting
– Pricing
– Credit
– Servicing
– Verification
– Collections
– Predictability
– Repeatable
– Conversion
– Compliance
