Mostly Money
Why does coffee taste better when you pay with cash? How did a victim of human trafficking take her knowledge of how the money flows in that world to become a law enforcement consultant? How does an economist think about Bitcoin? There's so much more to money than just investment portfolios.Mostly Money not only teaches you how to take control of your finances, it explores the full world of all things money with expert interviews conducted by Preet Banerjee (former television host for Oprah Winfrey).
Mostly Money
46: How Online Lenders Compete with Big Banks
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Preet Banerjee
Andrew Graham is the CEO of Borrowell, an online lending marketplace for Canadians. We discuss where the idea for Borrowell came from and what kind of financial consumer makes up their target market. Borrowell is aiming to take a chunk out of the high interest rate credit card market in Canada by offering term loans for unsecured debt at lower rates. We also delve into where Borrowell gets the money to fund these loans, what kind of rates they offer, the average loan amount taken out by their users, and more.