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Summary description
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Online consumer lender
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Modest credit safety net for consumer’s emergency expenses
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Insurance type model – fixed monthly membership fee for enabling rapid small level loan
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Cheaper than many near prime lenders and other providers to this segment
Opportunity investment thesis
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Large, growing demand for emergency loans by cash strapped individuals
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Banks retreating from or finding hard to serve lower income segments, except at very high rates/cost
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Need for regulatory friendly approach
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Need and opportunity to empower individuals to improve financial stability and credit scores and remove stress
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