Lending in frontier segments, with Todd Kleperis (Payzel)

Not all bankers wear suits - some, like Todd Kleperis, are built for frontier markets. It has been a decade since Washington and Colorado legalised the use of cannabis, and 17 States have followed suit, but with federal legalisation not yet on the books, most banks in the United States remain wary of the £33 billion industry. This, in turn, leaves the fast-growing recession-resilient sector starved for credit.Forged out of frustration with this status quo, Todd and his team built Payzel to fix this, and are offering banking and funding to cannabis businesses, both startup and established. More on Payzel can be found at https://payzel.com/ or on LinkedIn at https://www.linkedin.com/company/river-florida/And it turns out, cannabis isn't the only industry considered too risky to touch, so Payzel have expanded into other frontier market spaces. The Sea Pods we spoke about have just been launched this week, so head over to https://oceanbuilders.com/ for some modern living design inspirationYou can learn more about myself, Brendan le Grange, on my LinkedIn page (feel free to connect), my action-adventure novels are on Amazon, some versions even for free, and my work with ConfirmU and our gamified psychometric scores is at https://confirmu.com/ and on episode 24 of this very show https://www.howtolendmoneytostrangers.show/episodes/episode-24If you have any feedback or questions, if you would like to participate in the show, or if you'd like to find full written transcripts with timestamps head on over to HowtoLendMoneytoStrangers.ShowRegards,Brendan Hosted on Acast. See acast.com/privacy for more information.