Daniel Foggo

• This panel looked at core products, risk and the average loan size.

• Jonathon Kelly said that their best product was the core product flexi and that the average borrower took in $2,000 – 5,000.

• Larry Diamond said zipMoney is a mix between credit and payments company, offering effectively a digital credit card. He said $1,000 – 5,000 is his company’s sweet spot for borrowers.

• For Daniel Foggo and RateSetter, it’s about amortizing personal loans.The loans RateSetter looks for are typically around $35k, mostly for cars. “We’re doing this more at the point of sale nowadays. Really about the consumer finding a convenient way of funding this.”

Watch the Video >