The Filipino Startup Disrupting The Pawn Shop Industry
At the point when David Margendorff landed in the Philippines quite a long while prior, the nation's money related framework provoked his advantage very quickly. While working with a fintech startup, he got to be distinctly mindful of the high rate of unbanked individuals and what he calls the "powerless purchaser banks." As a business visionary, he was acutely mindful of the Philippines' potential for fintech advancements and he soon found a chance to disturb one of the most seasoned ventures on the books – pawn shops. "Since I was new in the nation, I needed a response to the question 'If just 2 out of 10 individuals have a financial balance, how would they access an advance?' The answer was: pawn shops," Margendorff described by means of email. Second hand stores have been around since antiquated circumstances, with reports of such outfits recorded in old Greece, Rome and China. They offer clients an opportunity to get to money rapidly by o...
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