“More solutions focused on fluidity, solving for rigidity in our system" LendStreet's Jerry Nemorin

Accion VentureKast

In episode eight of VentureKast: Rebuild, co-founder and CEO of LendStreet Jerry Nemorin explains that customers of traditional lenders struggle to cope with financial shocks caused by events like the COVID-19 pandemic. Data aggregation and a focus on consumer financial behavior has enabled LendStreet “to assess, identify and to structure the appropriate … loan that fits [a] client’s capacity.” Looking forward, Jerry urges us to “acknowledge and understand that consumers’ financial lives are fluid” and expects that “we will see more solutions that are focused on that fluidity and solving for rigidity in our system.”