TEDxNewWallStreet – Douglas Merrill – New credit scores in a new world: Serving the Underbanked
Wow! 12,000 payday loans funded every 11 minutes! Zest Finance entered the payday loan space when their founder got a phone call from his sister-in-law. She needed to borrow a few hundred bucks to purchase tires so she could get to work.
Luckily for her, Doug Merill, ex-Google honcho and founder of Zest Finance, had the cash.