Aun Suhel

1669812266

Various types of Fintech Business Models

As the financial needs of the American population are evolving, the need for coming up with innovative financial service business models is on the rise. As investors and entrepreneurs strive to synthesize revolutionary ideas, the following list of leading fintech business models may advise some direction.

1. Alternative Credit Score System

Anyone whose loan application has been declined knows the significance of maintaining a healthy credit score.

However, the process that it requires isn’t often the easiest for everyone. Whether it’s a late EMI payment or a short credit line, a wide range of factors can negatively impact your credit score.

Which is why, an alternative credit scoring system can make one of the great financial services for startups and individuals.

Many fintech companies are already analyzing social signals and percentile scoring methods to rate their potential borrowers and decide suitable credit limits for them.

2. Smarter Insurance Plan Designs

In 2019, the overall valuation of the health insurances owned by 179 million Americans (55% of the US population) accounted for $1,195 billion. This indicates that from business owners to 9–5 employees, a large part of the American population is still relying on insurance as a safety net for unexpected emergencies.

But, are the existing insurance plans efficient and just towards their users and the insurance companies?

Considering the currently active insurance plans, two individuals who don’t smoke or drink and have the same BMIs will probably be paying the same premium.

But what’s wrong with that?

The problem starts when one of the individuals works out regularly and has a healthy lifestyle, while the other one spends most time lying around with a bag of chips and soda.

Certainly, the latter individual is making unhealthy lifestyle choices that may be a problem for the insurance company. While, on the other hand, the first person is health-conscious and still paying the same premium as someone who isn’t mindful about their health.

This scenario is unjust for the insurance company and their users.

A solution for optimizing these flaws can be a great example of fintech business model innovation.

3. P2P Lending

Here’s yet another solution to the low credit score problem.

P2P, a.k.a peer-to-peer lending, is the process when two individuals indulge in a lending and borrowing transaction without the monetary involvement of any third party.

While this concept has long been popular inside our personal groups, present-day P2P lending platforms (such as Funding Circle) take this to a new level by connecting borrowers to potential lenders, ensuring a trustworthy transaction.

This makes borrowing easier for people with low credit scores. Also, in the fintech lending business models, lenders get to earn decent interest on their money — a clear win for all the parties.

4. Smaller Loans Sanctioning Services

In an age where data is valued like gold, the financial service business ideas can prove to be one of the best fintech business models.

Most of the banks and major lenders avoid offering smaller loan amounts to their borrowers. The primary reason being the low profits that are further diminished by high processing and recovery costs.

However, several fintech businesses are cutting down the challenges for the small borrowers, accelerating the change in fintech industries.

These lenders allow users to easily and quickly pay for the services they avail or the products they buy online, in one click (after a one-time setup). As a result, the users are saved from the effort of waiting for OTPs or recalling their CVVs at the point of purchase.

This fintech payments business model makes the payment procedure super-easy. The loans are sanctioned at low interest rate, so anything can be bought in one click and paid for in multiple installments. And most importantly, the business enabling these transactions gets access to the valuable user data (of course as and when permitted).

Speaking of how the money is made, the data accumulated in the process can be traded to a number of businesses in your niche.

5. Asset Management Platforms

A recent Gallup study reports that 56% of the US population owns at least one stock and a large chunk of this proportion invests actively in the stock market.

Additionally, as per a study published by NORC, a research group at the University of Chicago report, in 2020 over 13% of the Americans started investing in cryptocurrencies, and the number is set to grow further in the coming years.

Certainly, the digital asset industry is on the rise, and it’s the right time for entrepreneurs to place their bets on this fintech business model category.

What is GEEK

Buddha Community

Various types of Fintech Business Models
Carmen  Grimes

Carmen Grimes

1595491178

Best Electric Bikes and Scooters for Rental Business or Campus Facility

The electric scooter revolution has caught on super-fast taking many cities across the globe by storm. eScooters, a renovated version of old-school scooters now turned into electric vehicles are an environmentally friendly solution to current on-demand commute problems. They work on engines, like cars, enabling short traveling distances without hassle. The result is that these groundbreaking electric machines can now provide faster transport for less — cheaper than Uber and faster than Metro.

Since they are durable, fast, easy to operate and maintain, and are more convenient to park compared to four-wheelers, the eScooters trend has and continues to spike interest as a promising growth area. Several companies and universities are increasingly setting up shop to provide eScooter services realizing a would-be profitable business model and a ready customer base that is university students or residents in need of faster and cheap travel going about their business in school, town, and other surrounding areas.

Electric Scooters Trends and Statistics

In many countries including the U.S., Canada, Mexico, U.K., Germany, France, China, Japan, India, Brazil and Mexico and more, a growing number of eScooter users both locals and tourists can now be seen effortlessly passing lines of drivers stuck in the endless and unmoving traffic.

A recent report by McKinsey revealed that the E-Scooter industry will be worth― $200 billion to $300 billion in the United States, $100 billion to $150 billion in Europe, and $30 billion to $50 billion in China in 2030. The e-Scooter revenue model will also spike and is projected to rise by more than 20% amounting to approximately $5 billion.

And, with a necessity to move people away from high carbon prints, traffic and congestion issues brought about by car-centric transport systems in cities, more and more city planners are developing more bike/scooter lanes and adopting zero-emission plans. This is the force behind the booming electric scooter market and the numbers will only go higher and higher.

Companies that have taken advantage of the growing eScooter trend develop an appthat allows them to provide efficient eScooter services. Such an app enables them to be able to locate bike pick-up and drop points through fully integrated google maps.

List of Best Electric Bikes for Rental Business or Campus Facility 2020:

It’s clear that e scooters will increasingly become more common and the e-scooter business model will continue to grab the attention of manufacturers, investors, entrepreneurs. All this should go ahead with a quest to know what are some of the best electric bikes in the market especially for anyone who would want to get started in the electric bikes/scooters rental business.

We have done a comprehensive list of the best electric bikes! Each bike has been reviewed in depth and includes a full list of specs and a photo.

Billy eBike

mobile-best-electric-bikes-scooters https://www.kickstarter.com/projects/enkicycles/billy-were-redefining-joyrides

To start us off is the Billy eBike, a powerful go-anywhere urban electric bike that’s specially designed to offer an exciting ride like no other whether you want to ride to the grocery store, cafe, work or school. The Billy eBike comes in 4 color options – Billy Blue, Polished aluminium, Artic white, and Stealth black.

Price: $2490

Available countries

Available in the USA, Europe, Asia, South Africa and Australia.This item ships from the USA. Buyers are therefore responsible for any taxes and/or customs duties incurred once it arrives in your country.

Features

  • Control – Ride with confidence with our ultra-wide BMX bars and a hyper-responsive twist throttle.
  • Stealth- Ride like a ninja with our Gates carbon drive that’s as smooth as butter and maintenance-free.
  • Drive – Ride further with our high torque fat bike motor, giving a better climbing performance.
  • Accelerate – Ride quicker with our 20-inch lightweight cutout rims for improved acceleration.
  • Customize – Ride your own way with 5 levels of power control. Each level determines power and speed.
  • Flickable – Ride harder with our BMX /MotoX inspired geometry and lightweight aluminum package

Specifications

  • Maximum speed: 20 mph (32 km/h)
  • Range per charge: 41 miles (66 km)
  • Maximum Power: 500W
  • Motor type: Fat Bike Motor: Bafang RM G060.500.DC
  • Load capacity: 300lbs (136kg)
  • Battery type: 13.6Ah Samsung lithium-ion,
  • Battery capacity: On/off-bike charging available
  • Weight: w/o batt. 48.5lbs (22kg), w/ batt. 54lbs (24.5kg)
  • Front Suspension: Fully adjustable air shock, preload/compression damping /lockout
  • Rear Suspension: spring, preload adjustment
  • Built-in GPS

Why Should You Buy This?

  • Riding fun and excitement
  • Better climbing ability and faster acceleration.
  • Ride with confidence
  • Billy folds for convenient storage and transportation.
  • Shorty levers connect to disc brakes ensuring you stop on a dime
  • belt drives are maintenance-free and clean (no oil or lubrication needed)

**Who Should Ride Billy? **

Both new and experienced riders

**Where to Buy? **Local distributors or ships from the USA.

Genze 200 series e-Bike

genze-best-electric-bikes-scooters https://www.genze.com/fleet/

Featuring a sleek and lightweight aluminum frame design, the 200-Series ebike takes your riding experience to greater heights. Available in both black and white this ebike comes with a connected app, which allows you to plan activities, map distances and routes while also allowing connections with fellow riders.

Price: $2099.00

Available countries

The Genze 200 series e-Bike is available at GenZe retail locations across the U.S or online via GenZe.com website. Customers from outside the US can ship the product while incurring the relevant charges.

Features

  • 2 Frame Options
  • 2 Sizes
  • Integrated/Removable Battery
  • Throttle and Pedal Assist Ride Modes
  • Integrated LCD Display
  • Connected App
  • 24 month warranty
  • GPS navigation
  • Bluetooth connectivity

Specifications

  • Maximum speed: 20 mph with throttle
  • Range per charge: 15-18 miles w/ throttle and 30-50 miles w/ pedal assist
  • Charging time: 3.5 hours
  • Motor type: Brushless Rear Hub Motor
  • Gears: Microshift Thumb Shifter
  • Battery type: Removable Samsung 36V, 9.6AH Li-Ion battery pack
  • Battery capacity: 36V and 350 Wh
  • Weight: 46 pounds
  • Derailleur: 8-speed Shimano
  • Brakes: Dual classic
  • Wheels: 26 x 20 inches
  • Frame: 16, and 18 inches
  • Operating Mode: Analog mode 5 levels of Pedal Assist Thrott­le Mode

Norco from eBikestore

norco-best-electric-bikes-scooters https://ebikestore.com/shop/norco-vlt-s2/

The Norco VLT S2 is a front suspension e-Bike with solid components alongside the reliable Bosch Performance Line Power systems that offer precise pedal assistance during any riding situation.

Price: $2,699.00

Available countries

This item is available via the various Norco bikes international distributors.

Features

  • VLT aluminum frame- for stiffness and wheel security.
  • Bosch e-bike system – for their reliability and performance.
  • E-bike components – for added durability.
  • Hydraulic disc brakes – offer riders more stopping power for safety and control at higher speeds.
  • Practical design features – to add convenience and versatility.

Specifications

  • Maximum speed: KMC X9 9spd
  • Motor type: Bosch Active Line
  • Gears: Shimano Altus RD-M2000, SGS, 9 Speed
  • Battery type: Power Pack 400
  • Battery capacity: 396Wh
  • Suspension: SR Suntour suspension fork
  • Frame: Norco VLT, Aluminum, 12x142mm TA Dropouts

Bodo EV

bodo-best-electric-bikes-scootershttp://www.bodoevs.com/bodoev/products_show.asp?product_id=13

Manufactured by Bodo Vehicle Group Limited, the Bodo EV is specially designed for strong power and extraordinary long service to facilitate super amazing rides. The Bodo Vehicle Company is a striking top in electric vehicles brand field in China and across the globe. Their Bodo EV will no doubt provide your riders with high-level riding satisfaction owing to its high-quality design, strength, breaking stability and speed.

Price: $799

Available countries

This item ships from China with buyers bearing the shipping costs and other variables prior to delivery.

Features

  • Reliable
  • Environment friendly
  • Comfortable riding
  • Fashionable
  • Economical
  • Durable – long service life
  • Braking stability
  • LED lighting technology

Specifications

  • Maximum speed: 45km/h
  • Range per charge: 50km per person
  • Charging time: 8 hours
  • Maximum Power: 3000W
  • Motor type: Brushless DC Motor
  • Load capacity: 100kg
  • Battery type: Lead-acid battery
  • Battery capacity: 60V 20AH
  • Weight: w/o battery 47kg

#android app #autorent #entrepreneurship #ios app #minimum viable product (mvp) #mobile app development #news #app like bird #app like bounce #app like lime #autorent #best electric bikes 2020 #best electric bikes for rental business #best electric kick scooters 2020 #best electric kickscooters for rental business #best electric scooters 2020 #best electric scooters for rental business #bird scooter business model #bird scooter rental #bird scooter rental cost #bird scooter rental price #clone app like bird #clone app like bounce #clone app like lime #electric rental scooters #electric scooter company #electric scooter rental business #how do you start a moped #how to start a moped #how to start a scooter rental business #how to start an electric company #how to start electric scooterrental business #lime scooter business model #scooter franchise #scooter rental business #scooter rental business for sale #scooter rental business insurance #scooters franchise cost #white label app like bird #white label app like bounce #white label app like lime

Carmen  Grimes

Carmen Grimes

1595494844

How to start an electric scooter facility/fleet in a university campus/IT park

Are you leading an organization that has a large campus, e.g., a large university? You are probably thinking of introducing an electric scooter/bicycle fleet on the campus, and why wouldn’t you?

Introducing micro-mobility in your campus with the help of such a fleet would help the people on the campus significantly. People would save money since they don’t need to use a car for a short distance. Your campus will see a drastic reduction in congestion, moreover, its carbon footprint will reduce.

Micro-mobility is relatively new though and you would need help. You would need to select an appropriate fleet of vehicles. The people on your campus would need to find electric scooters or electric bikes for commuting, and you need to provide a solution for this.

To be more specific, you need a short-term electric bike rental app. With such an app, you will be able to easily offer micro-mobility to the people on the campus. We at Devathon have built Autorent exactly for this.

What does Autorent do and how can it help you? How does it enable you to introduce micro-mobility on your campus? We explain these in this article, however, we will touch upon a few basics first.

Micro-mobility: What it is

micro-mobility

You are probably thinking about micro-mobility relatively recently, aren’t you? A few relevant insights about it could help you to better appreciate its importance.

Micro-mobility is a new trend in transportation, and it uses vehicles that are considerably smaller than cars. Electric scooters (e-scooters) and electric bikes (e-bikes) are the most popular forms of micro-mobility, however, there are also e-unicycles and e-skateboards.

You might have already seen e-scooters, which are kick scooters that come with a motor. Thanks to its motor, an e-scooter can achieve a speed of up to 20 km/h. On the other hand, e-bikes are popular in China and Japan, and they come with a motor, and you can reach a speed of 40 km/h.

You obviously can’t use these vehicles for very long commutes, however, what if you need to travel a short distance? Even if you have a reasonable public transport facility in the city, it might not cover the route you need to take. Take the example of a large university campus. Such a campus is often at a considerable distance from the central business district of the city where it’s located. While public transport facilities may serve the central business district, they wouldn’t serve this large campus. Currently, many people drive their cars even for short distances.

As you know, that brings its own set of challenges. Vehicular traffic adds significantly to pollution, moreover, finding a parking spot can be hard in crowded urban districts.

Well, you can reduce your carbon footprint if you use an electric car. However, electric cars are still new, and many countries are still building the necessary infrastructure for them. Your large campus might not have the necessary infrastructure for them either. Presently, electric cars don’t represent a viable option in most geographies.

As a result, you need to buy and maintain a car even if your commute is short. In addition to dealing with parking problems, you need to spend significantly on your car.

All of these factors have combined to make people sit up and think seriously about cars. Many people are now seriously considering whether a car is really the best option even if they have to commute only a short distance.

This is where micro-mobility enters the picture. When you commute a short distance regularly, e-scooters or e-bikes are viable options. You limit your carbon footprints and you cut costs!

Businesses have seen this shift in thinking, and e-scooter companies like Lime and Bird have entered this field in a big way. They let you rent e-scooters by the minute. On the other hand, start-ups like Jump and Lyft have entered the e-bike market.

Think of your campus now! The people there might need to travel short distances within the campus, and e-scooters can really help them.

How micro-mobility can benefit you

benefits-micromobility

What advantages can you get from micro-mobility? Let’s take a deeper look into this question.

Micro-mobility can offer several advantages to the people on your campus, e.g.:

  • Affordability: Shared e-scooters are cheaper than other mass transportation options. Remember that the people on your campus will use them on a shared basis, and they will pay for their short commutes only. Well, depending on your operating model, you might even let them use shared e-scooters or e-bikes for free!
  • Convenience: Users don’t need to worry about finding parking spots for shared e-scooters since these are small. They can easily travel from point A to point B on your campus with the help of these e-scooters.
  • Environmentally sustainable: Shared e-scooters reduce the carbon footprint, moreover, they decongest the roads. Statistics from the pilot programs in cities like Portland and Denver showimpressive gains around this key aspect.
  • Safety: This one’s obvious, isn’t it? When people on your campus use small e-scooters or e-bikes instead of cars, the problem of overspeeding will disappear. you will see fewer accidents.

#android app #autorent #ios app #mobile app development #app like bird #app like bounce #app like lime #autorent #bird scooter business model #bird scooter rental #bird scooter rental cost #bird scooter rental price #clone app like bird #clone app like bounce #clone app like lime #electric rental scooters #electric scooter company #electric scooter rental business #how do you start a moped #how to start a moped #how to start a scooter rental business #how to start an electric company #how to start electric scooterrental business #lime scooter business model #scooter franchise #scooter rental business #scooter rental business for sale #scooter rental business insurance #scooters franchise cost #white label app like bird #white label app like bounce #white label app like lime

sophia tondon

sophia tondon

1620010137

Fintech Development Trends You Should know in 2021

Fintech is one of the fastest-growing technologies in the world. With every passing day, this technology is expanding to a new level and making a benchmark. With the help of Fintech, you can easily encounter different problems related to payments, money, and banks.

According to Statista, In 2018, about 61 percent of Americans used digital banking, which is set to rise to 65.3 percent by 2022.

Banks and other financial institutions are developing customer-centric models that give an overall better banking experience for everyone, and they are taking help from Fintech to get the job done. There is a lot more to come in the Fintech industry to solve the financial issues with modern trends and development in Fintech.

In the coronavirus outbreak, the Fintech app development industry has evolved much and helped transaction money with any contact and overwhelmed support from banks and financial institutions. It seems like the support provided to Fintech will last longer, and with development trends, Fintech will become smarter, quicker, and convenient.

Read Full blog - https://rewardbloggers.com/blog/post/24486/fintech-development-trends-you-should-know-in-2021

##fintech app development #fintech software development #fintech software development companies #fintech software development company #fintech development companies #fintech development company

sophia tondon

sophia tondon

1620015621

Top 10 FinTech Software Development Companies In 2021

Looking for the top fintech software development company? Explore some best fintech software companies already reviewed by GoodFirms, Clutch, best clients etc." />

Read More - https://www.valuecoders.com/blog/technology-and-apps/top-10-fintech-software-development-companies-2020/

#fintech app development #fintech software development #fintech software development companies #fintech software development company #fintech development companies #fintech development company

sophia tondon

sophia tondon

1615438018

FinTech Software Development Company | FinTech App Solution

Looking for a FinTech software development company? We create custom FinTech app solution(Banking / Financial) 16 years| 4200+ projects| 97% Client retention

Website :- https://bit.ly/30A8Ie9

##fintech #fintech software development company #fintech software development companies in india #fintech software development companies #fintech software development