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Podcast: How to Lend Money to Strangers
Episode: Lending in frontier segments, with Todd Kleperis (Payzel)
Description: Not all bankers wear suits - some, like Todd Kleperis, are built for frontier markets. It has been a decade since Washington and Colorado legalised the use of cannabis, and 17 States have followed suit, but with federal legalisation not yet on the books, most banks in the United States remain wary of the £33 billion industry. This, in turn, leaves the fast-growing recession-resilient sector starved for credit.Forged out of frustration with this status quo, Todd and his team built Payzel to fix this, and are offering banking and funding to cannabis businesses, both startup and established. M...