[Accord Business Funding]

What do you guys think about Uber entering the fintech space?

https://www.cnbc.com/2019/06/10/uber...ing-spree.html

[Franklin]

What do you guys think about Uber entering the fintech space?

https://www.cnbc.com/2019/06/10/uber...ing-spree.html

They're focused more on providing a smoother payment experience, leading to eventually being the direct payment processor, rather than lending. Maybe in a few years they might consider it,.

Right now it doesn't make sense with their current model, so the question becomes how could it make sense, and how can they use their current platform to target potential loan customers (likely be both personal and business) and implement it.

Maybe drivers who also own small side businesses. Maybe repeat customers with a riding history of 1 year+, who typically take trips to the airport, or who are typically dropped off to or from mid to high income areas. Or other similar triggers they can use to identify ideal customer profiles.








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[cmarks]

Fintech is such a broad term, most funders/lenders in the MCA space think they are fintech just cause they have a website and a portal. For Uber payments and checking accounts make sense. Also maybe personal loans. Dont see business financing as a direct high revenue generator unless they were to partner up with someone else.

[mcaguru]

I dont think they have any edge nor don't believe they are seeking to Fund Business Owners...they are handling Billions in fund between uber users and drivers and may find a way to be the drivers bank or other financial products to the drivers... I don't see Uber playing in the field of funding business owners outside those on their grid....With that said i believe SOME NEW PLAYERS will be entering the A Paper BOX! (perhaps some well known financial players!)...

FYI start getting used to the term BREX