Smash Notes
How Does Earnin Offer Flexible Pay for Free?
at 28:00
Answer
Earnin is using the smart phone to analyze whether their users are actually working or not, and therefore able to trust their users to pay the money back. Traditional loan businesses have no visibility like that and therefore have to charge very high fees to pad their loses.
Where this answer comes from
- Show
- a16z
- Episode
- The Hustler's Guide to Getting Paid
- Date
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