The New New Bankers

Startupland’s Next World-Changing Idea: Monetizing the Poor

payday-loans

In an incisive blog post about Silicon Valley culture, Catherine Bracy, a former program manager for Tech4Obama recently wrote, “It feels like, and often is, a bunch of Stanford guys making tools to fix their own problems.”

There are, however, some exceptions to that myopic world view.┬áLike the growing sector of well-funded startups profiting off the working class by re-imagining the pay day loan. Like every new tech market, this one comes with its own jargon. The founders behind camel case companies like ZestFinance, LendUp, and SpotLoan say they just wanna help the “underbanked.” Read More