FinTech50
IWOCA
CHRISTOPH RIECHE,
CO-FOUNDER & CEO
M
icrobusiness is thriving with
a 60% rise in the number
of zero-employee companies since the turn of the millennium.
Traditional business lenders struggle to deal with this category due to
their high cost structures and outdated
processes. We started iwoca to bring
a data-driven approach to assessing business creditworthiness. This
gives low-cost yet accurate lending
decisions allowing us to invest in an
entirely new type of entrepreneur.
With greater access to capital, microbusinesses can take advantage of
opportunities previously only available to larger competitors. The result?
Increased innovation, high-quality job
creation and sustainable economic
growth.
About
iwoca offers fast, flexible business
loans to online retailers. Integrations
with eBay, Amazon and other ecommerce platforms allow iwoca to view a
retailer’s real-time trading history and
customer feedback. This data feeds
into a proprietary risk algorithm to
give fast, accurate lending decisions
without the high costs associated with
traditional lenders.
@iwoca @christoph_iwoca
IXARIS ALEX MIFSUD, CO-FOUNDER & CEO
W
e are going through an
explosion of competing
and complementary innovations in the payments eco-system.
How can FinTech vendors and financial institutions increase their chances
of surviving through this Cambrian
period in payments?
This is a good thing, although too
many moving parts may be deterring
mass customer adoption. I personally
believe in accommodating diversity
rather than fighting it. Thankfully, the
Internet has taught us how to do this,
first by connecting existing networks
and by making them accessible to
those who build and deliver applications. The payments industry is ripe
for this development.
About
Ixaris enables businesses and consumers to move and use money worldwide
quickly, affordably and easily – just as
the Internet has enabled the movement and use of information. Ixaris
technology connects global and local
payment networks, financial institutions and customers, applications
and devices to make this “Internet of
Money” possible.
@ixaris @alexmifsud
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