Mukhanov: Lower-income gig workers intentionally ignore or misunderstand interest rates
Oleg Mukhanov · Fintech For Gig Workers Breaks $1m ARR, 10k Customers · May 11, 2022 · at 11:13
SteadyPay co-founder Oleg Mukhanov explains why the fintech company opted for a flat subscription fee rather than traditional interest rates.
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“If you look at the majority of customers in this income bracket, the level of financial sophistication is not that great. And people genuinely either do not understand interest or intentionally do not want to understand how it works.”
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