Esusu's Wemimo Abbey on Financial Technology Innovation

Esusu's Wemimo Abbey on Financial Technology Innovation

Assessment

Interactive Video

Business

University

Hard

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The video discusses a startup's journey to achieving billion-dollar status, focusing on its product that helps renters build credit by reporting rental payments to credit bureaus. The product has received positive feedback from landlords and renters, and the company has grown significantly, doubling its workforce and rental units. The founder shares a personal story of overcoming credit challenges as an immigrant, highlighting the product's impact on users' credit scores. The company is financially stable, with no immediate plans for further funding or going public, and emphasizes its commitment to stakeholders.

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7 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the product discussed in the text help tenants build their credit records?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What percentage of Americans rent their homes, and how much do they send to their landlords each month?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the response from clients regarding the product's impact on renters?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What happens if a tenant does not pay their rent on time in relation to the credit reporting?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

Can you describe the impact of reporting rental data on individuals without a credit score?

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6.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the amount raised in the last funding round and how was it utilized?

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7.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the immigrant background of the speaker influence their approach to business?

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