The ugly side of fintech - Debt Collection
It is common to focus on the heavily popularised side of Fintech (the sexy side if you will), be it payments, lending, payroll, or blockchain. However, Fintech is disrupting a wide range of less frequently discussed sectors as well and debt collection is one of them. In fact, with the surge in alternative lending sources, we have seen a global surge in the amount of credit extended to both consumers and businesses. Today, the world is more indebted than ever, to the tune of more than $152 trillion dollars globally. Supporting both the lenders who are exposing this risk and the consumers leveraging this credit is essential to supporting the emergence of these "sexier" Fintechs and the Fintech ecosystem itself.