The statement of our expert, Marcin Sikora, CSO LOANDO Group, appeared in an article on the telepolis.pl portal. The publication concerned the phenomenon of the Underbanked (economically excluded people).
“Underbanked is a great opportunity for the fintech industry. This is a large group of people undeveloped by banking institutions, whose financial needs are just as real as among other groups. Fintech enterprises perfectly meet these needs, due to the proposed low prices of their services, their wide availability and multi-platform nature.”
“Many people do not have the creditworthiness to incur high-value liabilities. Banks’ offers are beyond their capabilities. Sometimes they even need a very small injection of cash of several hundred zlotys. They can then take advantage of lendtechs offering smaller amounts for a shorter period of time, without the requirement of having a credit history.” – he comments.
The entire article is available at the link: click here