Listen to Lex Greensill describe how his company is making finance fairer for all.
Let me be honest with you. This is not the clothes that I would want to wear every day. I am actually a farmer.
Every chance that I get, I’m on a tractor. Those are my roots, and always will be.
I grew up seeing how tough it is for my mum and dad, to get paid for the crops that they grew. The truth is, the plumbing of our global financial system works for big companies and governments, but it doesn't for small businesses. ….what we do is we right that wrong.
A great example is how we're changing the way people get paid. Why is it that people get paid once every two weeks or once a month? That's because payroll is expensive and slow to do. But with technology, we can do it every hour of every day. Imagine the impact of that ...the multiplication effect of doing the same thing for millions of businesses. That is what makes me bounce out of bed every morning.
AI is a developing space and we're using it as a tool to inform decision making by our business. Our insights to what's happening in the global economy in real time means that we can deliver capital faster, cheaper, and fairer with a greater level of visibility and understanding than anybody else in the world has. And that is going to continue to evolve in the future.
We took our first investment very late in the development cycle of our business, and so as a consequence of that, our DNA is that everything that we do must be profitable from day one, and our investment in the growth of our business is about using those profits as opposed to using equity to enable us to grow.
For me, one of the great things about joining the SoftBank Vision Fund family hasn't just been the network that capital and the advice it's actually been having Masa as a partner and a mentor. And he has worked with us, and particularly with me, to think about our core business and how we can actually take that core business and tackle other inequalities and other challenges that exist in the global market.
I think we have a unique opportunity right now. The tools, the capital, the people, the infrastructure to change the world for good and to build a lasting enterprise.
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