PayJoy with Doug Ricket | E395
Cell phone-based developing market lending.
In this episode of FinTech Impact, host Jason Periera interviews Doug Ricket, founder and CEO of PayJoy. They discuss PayJoy's journey from financing smartphones to providing comprehensive credit solutions in emerging markets. Doug shares insights on utilizing technology to secure loans, the challenges of serving unbanked populations, and PayJoy's mission as a public benefit corporation to promote financial inclusion. The conversation also explores the use of predictive AI in credit scoring and the impact of regulatory frameworks on their lending operations. Learn how PayJoy is transforming access to financial tools and services across the globe.
Episode Highlights:
00:00 Introduction to FinTech Impact
00:15 Meet Doug Ricket and PayJoy
00:25 PayJoy's Global Expansion
01:08 The Inspiration Behind PayJoy
02:27 How PayJoy Works
03:49 Challenges in Developing Nations
04:31 Addressing Creditworthiness
05:17 The Role of Smartphones
09:26 Micro Lending vs. PayJoy
17:22 Regulatory Challenges
26:20 Future Aspirations and Challenges
31:31 Conclusion and Final Thoughts
Resources:
Facebook – Jason Pereira's Facebook
LinkedIn – Jason Pereira's LinkedIn
Woodgate.com – Sponsor
LinkedIn - Doug’s LinkedIn