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What’s Next for the Payday Startups? Learn What 3 CEOs Are Saying and get a Free Payday Market Report Tomasz Grynkiewicz Jun 5, 2019 | 11 min read Fintech (/blog/topic/fintech)
Almost 74% of people in the UK are worried about unexpected expenses on a daily basis. That’s huge - whether we think of this number as a social problem or a promising target group. Let’s take another number - 83% of payday loan customers have already taken out a loan online, and this stat is growing day by day. It’s a travesty that the payday loan industry is as large as it is - CEO of the leading payday company in the UK told us.
In a nutshell, that is how the demand side of the market looks today. What about its supply side? On the one hand, the number of payday lenders shrank (following the price cap regulation by the Financial Conduct Authority). On the other, the very same regulation opened a market for payday startups. Ready for even more numbers, trends and challenges? Want to know more about what’s to come? We decided to explore how we can enhance the experience and make payday loans better. So, here’s “The State of Payday Startups” by Netguru - the free report (/payday-startups-report) includes: our own research based on a comparison of market leaders, trends, and offers, demographic and behavior analysis, an overview of government loan reports from the UK, analyses of third-party research. All you need to do is to fill out the form and download https://www.netguru.com/payday-startups-report (/payday-startupsreport) On top of the report, we’ve reached out to three CEOs of leading payday startups - DailyPay, Wagestream, and Branch. We asked them two things: How do you see the market of payday startups (and payday loans) in the next few years? What are the biggest problems on the payday loan market (from the customer’s perspective)?