There’s no shortage of fintechs claiming to build a more inclusive, mission-driven fintech platform for lower-income individuals. However, hurdles like required credit history or predatory interest rates and fees limits an entire cohort of people from engaging in our financial systems.
Akshay Krishnaiah, the founder and CEO of Line, thinks he can get users onboard for his vision of a more inclusive financial network. His startup doles out emergency lines of funds to people — as low as $10 — without charging interest or demanding proof of credit history and income. Over time, as trust grows from repayment, so does a customer’s ability to request larger checks.
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