The U.K.-based fintech startup helps workers alleviate financial stress by allowing them to tap unpaid wages as they earn them.
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.