Whether you’re BUYING a handbag or part of a house, these FINTECHS want CUSTOMERS to have a richer EXPERIENCE.
we speak to fintechs like Afterpay, Brickx and Tic:Toc about how they’re making a living by saving customers money
Moving house, getting a root canal, hosting long-lost relatives in your home for weeks on end – these are just a few of many people’s least favourite things to do. Another angst-causing task at the top of the list is getting a loan. The paperwork, the filing, the driving halfway across town to find a justice of the peace to witness your signature – it’s all such a headache.
A recent KPMG report of millennials, which examined their number-one pet peeve of banking, found they desire their “day-to-day transactions to be seamless and effortless”. Seamless and effortless – it’s our generation’s catchcry, and it’s one that finance disruptors are paying serious attention to. Finance was once considered a tough industry to disrupt – impossibly big, highly regulated and decidedly traditional. Today, money is proving ripe for innovation, as start-ups demystify finance, and bring us one step closer to life admin utopia.
So, who’s changing the rules? We meet three fintechs with money on their mind.