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Podcast: How to Lend Money to Strangers
Episode: This unicorn wants to eliminate the cost of consumer credit, with Philip Belamant (Zilch)
Description: “So how is it that we can make credit more equitable and affordable? The question hasn't changed, it is the answer that needs to change.”In a traditional model, the end-to-end cost of consumer credit involves the merchant paying a commission to the credit card company for facilitating the payment, the consumer paying the credit card company fees and interest for maintaining a line of credit, and the merchant paying Google or Meta for presenting an ad to their audience. As a career credit guy, I’d only ever considered the first two, that in a low-ri...