Alex Pedraza

New York, New York, US

Alex's Skills
Business Development
Technical
Sales
Product Management
Marketing
Management
Finance
Background

Startup Experience

First time founder

About Alex

I am passionate about creating innovative technology driven financial products, particularly in the consumer credit space. I bring a wealth of experience from working 8 years at Credit Suisse, where I advised several innovative financial institutions in the U.S. and Latin America.

My interest in this space took off when I learned that every year, millions of American consumers use high-cost informal loans to access quick cash. Yet, these products, payday loans, pawn loans, direct deposit advance loans, auto title loans, and non-bank installment loans often come with obscenely high fees or interest rates and can lead consumers into a cycle of repeat usage and mounting debt. These costs many times represent annual interest rates above 300% (sometimes even higher than 1,000%!!). I believe there is huge potential to disrupt the consumer lending space as we know it. We're already experiencing some disruption through innovators like Lending Club, Sofi, and Earnest, but the opportunity is still enormous.

I'm looking for a cofounder to join me who first and foremost finds this market opportunity exciting. If you are baffled by how slowly the banking industry has evolved, and by its lack of innovation, this is probably an interesting opportunity for you. More specifically, I'm looking for someone who is technically proficient in the engineering / programming front. Having said that, I would love to talk to anyone who finds this opportunity interesting and thinks they could contribute to this exciting venture.

Education

Boston University School of Management

Finance and Information Systems

2004 - 2004

Certification

Series 7

Co-working Space

WeWork Labs

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