Jonathan is and experienced payments and product innovation leader having worked in senior roles within the E-commerce and Fintech for over 10 years at PayPal, Zip and Flexigroup. He currently heads up product for Flexigroup Australia (FXL). Jonathan has worked across various markets including; Australia, New Zealand, China, Japan, South East Asia, Hong Kong. He holds Bachelor of Arts and MBA degrees and is very active within the growing Sydney Fintech space advising several startups.
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.”