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Tag Index  /  Showing 1 - 4 of 4 results for “Lenddo”

Global Tech

Techonomy’s Most-Read Articles of 2014

As 2014 winds down, we look back on a productive and impactful year at Techonomy. Our events and publishing projects continued the dialogue about the centrality of technology in modern life and its potential to make the world better. Our editorial content is a growing channel. Our community of writers and videographers includes over 100 published contributors, including both professional journalists and thought leaders of industry, politics, and public service. Here's a look back at our five most-read Techonomy exclusives of the past twelve months.   More

Business Global Tech

This Emerging Markets Credit Card Is Backed by Facebook Friends

Bogota might soon be home to thousands more online shoppers. That’s where Lenddo introduced a “social network” Visa card to 100,000 of its customers yesterday afternoon. By 3:00 p.m. yesterday in New York, where the online lender for developing countries is based, more than 1,000 Colombians had applied for the card. Lenddo CEO and co-founder Jeff Stewart calls it the first time ever, anywhere, that approval for a credit card is based on applicants’ reputations on Facebook, Google, LinkedIn, and Twitter. In emerging markets, even a steady reliable income and good education are generally no guarantee of access to credit for members of the middle class.   More

Global Tech

Tech Innovation Takes Root in the Philippines

Companies developing tech-based solutions for consumers in emerging markets see great opportunities in the Philippines today. A growing number of innovative visionaries view the country as a testing ground for products and services with potential for global scale. More are likely on their way. This may come as a surprise to those who think of the Philippines as a tech laggard. Although the country’s tech and startup ecosystems are growing, skeptics often point to the limited post-seed funding, unfavorable business regulations, and other challenges that await would-be innovators.   More

Finance

Lenddo’s Borrowers in Mexico and The Philippines Get Credit Via Facebook

Jeff Stewart believes he can figure out if you will repay your debts by studying who you know and what they say about you. For him, it's better than a credit score. Stewart is CEO and co-founder of Lenddo, which gives small loans to borrowers in developing countries based on information it gleans from their accounts on Facebook and other social networks. Stewart was running two earlier companies when he and his New York-based partners noticed something odd: their hardworking and educated employees in other parts of the world were often unable to secure loans. Why, he wondered, would local lenders ignore such eligible, middle-class consumers in emerging economies? Finding out proved an irresistible challenge.   More