Nenofi v Traditional Finance
New paradigm of Borrowing and Lending
Last updated
New paradigm of Borrowing and Lending
Last updated
Alice is earning 1% on her savings. With a good credit score and cumbersome application process Bob borrows at 7% rate.
Banks Revenue: $53 Avg Net Profit Margin: ~14% Profit: $7.42
Alice is earning 3.7% on her savings. Bob borrows at 5.8% rate while his collateral appreciates in value
Nenofi Revenue: $9.3 Avg Net Profit Margin: ~80% Profit: $7.42
