Sound Businesses: Profiles of companies and business models we are keeping an eye on.
With apologies to London and regrets to Wall Street, one of the most important developments in finance of the past decade is the product of innovation in the Emerging Markets, not the developed world. From a modest start, digital payments platforms have evolved into full-fledged digital banking models handling the vast majority of transactions and a growing share of the lending market in important EM countries from Kenya to Indonesia to Peru to India. Jeff Stewart is Founder and Chairman of one of the firms driving this revolution, Singapore-based Lenddo. He spoke with Karma Contributing Editor Michael Moran.