08
Apr

Where Are The Sosa Brothers and Mango Finance

The Sosa Brothers bring disruptive thinking to the payday loan, under-banked, micro-lending space. You must follow their lead. But, where are they now? Payday loan clients and associates of mine cannot locate this Mango Finance Store. Can anyone help?

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Comments ( 12 )
  • Archie Gall says:

    I had a location around the corner from Mango, it is actually shown in this video, and I stopped in one time to find out exactly what they were doing. The fact that I had to ask that question shows a problem from the get go. I don’t think there was much here to copy, bad design, bad marketing, maybe nice colors? They never had customers, the flagship store was used by the Sosa brothers to raise investor money more than likely. They never opened another and this shut down 2-3 years after opening. Would’ve done better with a smoothie machine inside!

  • Steve Hodgdon (@SteveHodgdon) says:

    Its a return to the past. An epoch ago I worked for Associates Finance. 900 friendly, local, professional 3 man offices. ” come in, sit down and let’s talk.” Wrote a lot of loans and helped a lot of people. I vote for a return to the good ol’ days!

  • Payday Loan Industry says:

    Well Readers, we have the answer thanks to Clarity Services! (http://www.clarityservices.com/)

    “Successful reconnaissance mission by Clarity! Whether it’s unique predictive data elements that lower a Lender’s risk, or something a little out of the ordinary… Clarity finds the answer when others can’t.”

    “Paul Mitchell at Clarity: P.S. Thanks George. 🙂 ”

    “Looks just like the other pic, but I can confirm this was taken today by me.
    They are in business. I spoke with a guy named Gilbert, who wasn’t the owner, but gave me some info.”

    “Their main product is a prepaid debit card for $5 a month under $500. They also offer some other products, which we didn’t much talk about.”

    “The Austin branch is Mango’s flagship in the US. Mango is a subsidiary of Rev Worldwide, maybe you know something about them.”

    “Mango uses Certigy for ID checks — not sure if that is interesting or not.”

    “Finally, Mango’s owners were formerly with Netcard. I imagine you’ve heard of these guys as well. ”

    “Hope this helps, and I’m curious to see what comes of this. Have a good evening and I’ll see you tomorrow.”

    George S. at Clarity Services Inc. http://www.clarityservices.com/

  • Payday Loan Industry says:

    Well, my Mango Card is on the way via the mail… let’s play. WOW! 6% interest on my money until I reach $5k. Not bad…

    Meanwhile, can one of our Readers actually FIND this location, walk-in and witness real business going on? The pics sure look great! But I don’t think the store actually exists!

    Jer – Trihouse

  • Gene S says:

    Hello,
    I believe the retail store was/is located at 529 W. Oltorf Street.

  • Frank says:

    I’ve got both friends and family in Austin. None of them seen nor heard of these guys. Sorry I couldn’t be of more help

  • Franklin says:

    Yeah, this is really weird. I too have driven around Austin looking for it. I can’t find it!

  • Payday Loan Industry says:

    Vincent S. in Austin tells me he’s driven all over but this Mango Finance store does not exist. A few guys have told me they saw the building but it was all wrapped up and looked like a future yogurt shop!

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