Indonesia's lack of access to finance, coupled with deep mobile penetration, is driving the popularity of alternative credit and lending products, like FinAccel’s Kredivo.
- An increasing number of investors are doing deals in the expectation of getting paid back perhaps three times their capital, from revenues generated by real customers, rather than waiting for the proverbial 10X payout from a skyhigh IPO or acquisition based on fantasies of endless growth.
- Roughly half of returning World War II veterans and 40% of Korean War vets started their own ventures. Since 9/11, less than 5% have pursued their own ventures.
Thimble offers job-by-job liability insurance for the 36% of the U.S. workforce that works contractually.
The Gurgaon and Seoul-based startup offers utility payments, small loans and insurance products, like “mosquito insurance,” to India's prepaid mobile phone users.
Medellín-based Sempli is an online lender that provides working capital loans to Colombia’s small businesses, which struggle to access affordable financial products.
Klar offers a commission-free digital credit card in Mexico, where only 15% of adults have access to credit products.