First off, have to credit to John for his excellent DD. Still does not excuse the bs $200 million in funding via collateral backed loans.
But, let’s look at what we have. KPAY is licensed, no small feat, and now has an almost operational website.
Major steps in the right direction.
The next move is funding. It seems apparent, KPAY has no money to lend, but has the mechanism to lend money.
So if I am a Indonesian investor, wanting to play in this space, do I fund loans from KPAY or from more established sites that have proven their credit classifications to be reliable.
Is there an extra monetary incentive to invest in loans from a new, Unestablished, provider? Or is it the same return from a company I know has it credit rating system and back office in place?