Oleg Mukhanov

7 statements across 1 episodes · 2 bullish · 0 bearish · 1 people on the record · first statement May 11, 2022 by Oleg Mukhanov · across every show →

On the record as a speaker too: Oleg Mukhanov's record, appearances and statements → this page counts the times other people say the name.

Everything said about Oleg Mukhanov, oldest first

May 11, 2022
Insight
Early-stage fintech debt is expensive; economics work at $5M+ facility scale
“But if you actually look at it, that's the most expensive pricing you will ever pay and you pay just to do the proof of concept. Because if you actually look at the warehouse facility at the good size, call it five million plus, you're probably looking at high…”
Oleg Mukhanov May 11, 2022 ▶ 15:18 Fintech For Gig Workers Breaks $1m ARR, 10k Customers
May 11, 2022 positive
Assertion Not checkable as stated
SteadyPay has advanced nearly $3M in total cumulative loans
“Well, actually, if I convert into dollars, we're talking closer to three million dollars of loans advanced over that period of time.”
Oleg Mukhanov May 11, 2022 ▶ 13:34 Fintech For Gig Workers Breaks $1m ARR, 10k Customers
May 11, 2022 positive
Assertion Not checkable as stated
SteadyPay maintains a 3% loss rate through friendly repayment nurturing
“So actually taking approach more of being friendly, nurturing and getting customers back on track in terms of total loss, actually it's getting close to like three percent, which you're talking about.”
Oleg Mukhanov May 11, 2022 ▶ 17:43 Fintech For Gig Workers Breaks $1m ARR, 10k Customers
May 11, 2022
Assertion Partly supported
SteadyPay raised £5M Series A after early equity and debt rounds
“Then at the end of 19, we raised just over one million pounds of equity and 1.5 million of debt to actually provide lending to our customers. And then we just closed couple months ago, our series A with another five million.”
Oleg Mukhanov May 11, 2022 ▶ 6:12 Fintech For Gig Workers Breaks $1m ARR, 10k Customers
May 11, 2022
Disclosure
SteadyPay requires 70% expenditure visibility across bank accounts for loan approval
“So we require a couple, we require quite a lot of things on the backhand, but the most important one, we need to be connected to the account where they're getting their main income and across this account or several accounts, because we have functionality to c…”
Oleg Mukhanov May 11, 2022 ▶ 18:09 Fintech For Gig Workers Breaks $1m ARR, 10k Customers
May 11, 2022
Disclosure
SteadyPay smooths income using a membership fee instead of interest
“So what we do, we automatically provide them the shortfall if they earn below average and they repay us when they earn above average. So effectively we convert a regular pay to a fixed salary and we do not charge interest. We just charge membership fee.”
Oleg Mukhanov May 11, 2022 ▶ 1:50 Fintech For Gig Workers Breaks $1m ARR, 10k Customers
May 11, 2022
Assertion Supported
Half the global workforce lacks a fixed paycheck, claims Mukhanov
“So effectively what's tackling is that about 50% of workforce globally do not have fixed paycheck, meaning that some months, weeks or fortnights they earn above average.”
Oleg Mukhanov May 11, 2022 ▶ 1:28 Fintech For Gig Workers Breaks $1m ARR, 10k Customers
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