Bootstrapping a $60K/Month Online Lending Business

> Fig takes a leap of faith every time we lend. We give our borrowers an opportunity to show they’re more than their credit score

Reminds me of this company https://www.destacame.cl which helps consumers and small business owners create a record of all their monthly payments to show that even if they don't have a credit record, they are good payers and deserve (good) credit. It's a pretty cool concept.

An interest rate of 190% ? Wow. For those with no credit, I guess 190% APR represents the risk that the lender is taking. I'm sure that 190% rate sucks way less than your typical payday loan rate, but this is why many states have outlawed payday loans.