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Post on 11-Jun-2015
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Meet Victoria Obanye
• Up to 12 million people use non mainstream lenders in the UK
• 7-10 million with limited access to financial services
• 2m without bank accounts
• 3-5m using doorstep lenders
• 2m+ using pay day lenders
• 200k using illegal money lenders
According to the FSA, Government and Competition Commission
Lender Average APR
Morses Ltd 365%
Provident 469%
Rhodes Finance 1064%
CLC 1564%
Pay Day 2500%+
No-one wants charity They just want a fair chance
1. Price
2. Security
3. Brand/marketing
4. New technology
5. Ethics
Priorities in choosing financial products
1. Accessibility
2. Flexibility
3. Honesty and simplicity
4. Respect
5. Relationship
Priorities in choosing financial products
Launched in 2005
A high touch service with a human interface
Access to mainstream banking services AND
We aim to revolutionize personal finance, starting with the people whom the mainstream providers have left behind.
Meet Mama’s Kitchen
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