Point of Sale Credit Providers
Daniel Foggo RateSetter CEO David Stevenson AltFi.com Executive Director Jonathan Kelly FlexiGroup Head of product and payments Larry Diamond ZipMoney Founder & CEO This panel looked at core products, risk and the average loan size. Jonathon Kelly said that their best product was the core product flexi and that the average borrower took in $2,000 – 5,000. Larry Diamond said zipMoney is a mix between credit and payments company, offering effectively a digital credit card. He said $1,000 – 5,000 is his company’s sweet spot for borrowers. For Daniel Foggo and RateSetter, it’s about amortizing personal loans.The loans RateSetter looks for are typically around $35k, mostly for cars. “We’re doing this more at the point of sale nowadays. Really about the consumer finding a convenient way of funding this.”
Daniel Foggo RateSetter CEO David Stevenson AltFi.com Executive Director Jonathan Kelly FlexiGroup Head of product and payments Larry Diamond ZipMoney Founder & CEO This panel looked at core products, risk and the average loan size. Jonathon Kelly said that their best product was the core product flexi and that the average borrower took in $2,000 – 5,000. Larry Diamond said zipMoney is a mix between credit and payments company, offering effectively a digital credit card. He said $1,000 – 5,000 is his company’s sweet spot for borrowers. For Daniel Foggo and RateSetter, it’s about amortizing personal loans.The loans RateSetter looks for are typically around $35k, mostly for cars. “We’re doing this more at the point of sale nowadays. Really about the consumer finding a convenient way of funding this.”