Serving the Underserved and “Un-Scorable”

21Jul

Serving the Underserved and “Un-Scorable”

Glen talks with Oportun COO Matt Jenkins about extending small dollar credit to the “un-scorable” and the challenges of maintaining a mission like Oportun’s as a public company. Also- a bizarre coin shortage, and signs of small merchants returning to cash.

Links related to this episode:

Oportun’s website: https://oportun.com/

The Financial Health Network’s 2017 analysis of “The True Cost of a Loan”: https://oportun.com/wp-content/uploads/2019/05/CFSI_Oportun_Total_Cost_of_Loan.pdf

Our recent interview with Ben Morales of QCash Financial and a CU-led alternative to payday lending: https://www.big-fintech.com/Media/BIGcast/ArticleID/518/Outflanking-Lenders

Last week’s interview with Daniel Gorfine on the Digital Dollar Project: https://www.big-fintech.com/Media/BIGcast/ArticleID/529/Digital-Dollars

Best Innovation Group’s ongoing Digital Town Halls for best practice sharing on Credit union responses to COVID-19, held each Wednesday: https://www.big-fintech.com/CU-Digital-Town-Hall

The BIG website: www.big-fintech.com

Follow the Best Innovation Group on Twitter: @bigfintech

Follow Glen on Twitter @154Advisors

Follow John on Twitter @jbfintech