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No Straight Lines with Alan Moore and   #C8Event
Faisel Rahman                           #nostraightlines
February 23, 2012                       www.canvas8.com
Meet Victoria Obanye
According to the FSA, Government
and Competition Commission
• 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
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
Priorities in choosing financial
products

          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
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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Faisel Rahman on Fair Finance

  • 1. Twitter No Straight Lines with Alan Moore and #C8Event Faisel Rahman #nostraightlines February 23, 2012 www.canvas8.com
  • 3. According to the FSA, Government and Competition Commission • 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
  • 4. Lender Average APR Morses Ltd 365% Provident 469% Rhodes Finance 1064% CLC 1564% Pay Day 2500%+
  • 5. No-one wants charity They just want a fair chance
  • 6. Priorities in choosing financial products 1. Price 2. Security 3. Brand/marketing 4. New technology 5. Ethics
  • 7. Priorities in choosing financial products 1. Accessibility 2. Flexibility 3. Honesty and simplicity 4. Respect 5. Relationship
  • 8. Launched in 2005 A high touch service with a human interface Access to mainstream banking services AND
  • 9. We aim to revolutionize personal finance, starting with the people whom the mainstream providers have left behind.