{"id":6017,"date":"2023-11-10T07:00:00","date_gmt":"2023-11-10T07:00:00","guid":{"rendered":"https:\/\/getincome.com\/blog\/?p=6017"},"modified":"2023-11-09T11:54:32","modified_gmt":"2023-11-09T11:54:32","slug":"income-insights-episode-1","status":"publish","type":"post","link":"https:\/\/getincome.com\/blog\/income-insights-episode-1\/","title":{"rendered":"Income Insights &#8211; Episode 1"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"6017\" class=\"elementor elementor-6017\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1f45142 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1f45142\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2e4b9c1\" data-id=\"2e4b9c1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-da16e24 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"da16e24\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-d120a92\" data-id=\"d120a92\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6cfba4c elementor-widget elementor-widget-image\" data-id=\"6cfba4c\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/open.spotify.com\/show\/2S6ijCBxBl4DI7geLKkOEt\" target=\"_blank\" rel=\"noopener\">\n\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/getincome.com\/blog\/wp-content\/uploads\/2023\/10\/spotify-icon-300x300.png\" class=\"attachment-medium size-medium wp-image-5970\" alt=\"\" srcset=\"https:\/\/getincome.com\/blog\/wp-content\/uploads\/2023\/10\/spotify-icon-300x300.png 300w, https:\/\/getincome.com\/blog\/wp-content\/uploads\/2023\/10\/spotify-icon-150x150.png 150w, https:\/\/getincome.com\/blog\/wp-content\/uploads\/2023\/10\/spotify-icon.png 400w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-c09748f\" data-id=\"c09748f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a5bfee1 elementor-widget elementor-widget-image\" data-id=\"a5bfee1\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/income-insights\/id1715832116\" target=\"_blank\" rel=\"noopener\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/getincome.com\/blog\/wp-content\/uploads\/2023\/10\/apple-podcasts-icon-300x300.png\" class=\"attachment-medium size-medium wp-image-5968\" alt=\"\" srcset=\"https:\/\/getincome.com\/blog\/wp-content\/uploads\/2023\/10\/apple-podcasts-icon-300x300.png 300w, https:\/\/getincome.com\/blog\/wp-content\/uploads\/2023\/10\/apple-podcasts-icon-150x150.png 150w, https:\/\/getincome.com\/blog\/wp-content\/uploads\/2023\/10\/apple-podcasts-icon.png 512w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-cf88735\" data-id=\"cf88735\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-22e10e9 elementor-widget elementor-widget-image\" data-id=\"22e10e9\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/getincome.com\/blog\/wp-content\/uploads\/2023\/10\/google-podcasts-icon-150x150.png\" class=\"attachment-thumbnail size-thumbnail wp-image-5969\" alt=\"\" srcset=\"https:\/\/getincome.com\/blog\/wp-content\/uploads\/2023\/10\/google-podcasts-icon-150x150.png 150w, https:\/\/getincome.com\/blog\/wp-content\/uploads\/2023\/10\/google-podcasts-icon-300x300.png 300w, https:\/\/getincome.com\/blog\/wp-content\/uploads\/2023\/10\/google-podcasts-icon.png 512w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-5d27b56\" data-id=\"5d27b56\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ffb16b0 elementor-widget elementor-widget-image\" data-id=\"ffb16b0\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/youtube.com\/playlist?list=PLT1BSpY1iacTzrcVj00R1WYGFrzkWBO1d&#038;si=pu7j0P8uzq1JFwvR\" target=\"_blank\" rel=\"noopener\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"400\" height=\"400\" src=\"https:\/\/getincome.com\/blog\/wp-content\/uploads\/2023\/10\/youtube-color-icon.png\" class=\"attachment-full size-full wp-image-5971\" alt=\"\" srcset=\"https:\/\/getincome.com\/blog\/wp-content\/uploads\/2023\/10\/youtube-color-icon.png 400w, https:\/\/getincome.com\/blog\/wp-content\/uploads\/2023\/10\/youtube-color-icon-300x300.png 300w, https:\/\/getincome.com\/blog\/wp-content\/uploads\/2023\/10\/youtube-color-icon-150x150.png 150w\" sizes=\"(max-width: 400px) 100vw, 400px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-70d9be6 elementor-widget elementor-widget-shortcode\" data-id=\"70d9be6\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-shortcode\"><iframe src=\"https:\/\/player.simplecast.com\/db98c956-2555-45d5-af24-fc9c4cb6e29d\" height=\"200\" width=\"100%\" title=\"Episode 1 I CEO Change I New Lenders I Vivus MX I ClickCash\" frameborder=\"0\" scrolling=\"no\"><\/iframe><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5de00e3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5de00e3\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ce5c7a5\" data-id=\"ce5c7a5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1256bb4 elementor-widget elementor-widget-text-editor\" data-id=\"1256bb4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Welcome to the first episode of <strong>Income Insights<\/strong>, a podcast series aimed at offering a closer look into the world of peer-to-peer lending and the Income platform. In this episode, Denny from <a href=\"https:\/\/rethink-p2p.de\/en\/\" target=\"_blank\" rel=\"noopener\"><strong>Re:Think P2P lending<\/strong><\/a> delves into a conversation with Income founder Kimmo, discussing various aspects of the platform, recent changes, challenges, and the future.\u00a0<\/span><\/p><p><strong>The Purpose of Income Insights<\/strong><\/p><p><span style=\"font-weight: 400;\">The idea behind the Income Insights podcast is to provide a more transparent and direct line of communication between the Income platform and its investor community. As an investor himself, Denny recognizes the complexities and difficulties that can arise behind the scenes in the peer-to-peer lending industry. The goal is to bridge the knowledge gap between the platform and its investors while keeping an eye on current events and future plans.<\/span><\/p><p><span style=\"font-weight: 400;\"><strong>Income Insights<\/strong>\u00a0aims to be a recurring podcast, with episodes released monthly. If you find the content interesting and informative, you can subscribe on various streaming platforms or even on Income&#8217;s <a href=\"https:\/\/www.youtube.com\/channel\/UCnMcn1QXpSiPVfMz1gZObcA\/\" target=\"_blank\" rel=\"noopener\">YouTube channel.<\/a><\/span><\/p><p><span style=\"font-weight: 400;\">Now, let&#8217;s dive into the highlights of this first episode with Kimmo, the founder of Income.<\/span><\/p><p><strong>Introduction: Kimmo and Podcast Preferences<\/strong><\/p><p><span style=\"font-weight: 400;\">The conversation kicks off with a bit of background on Kimmo and his personal preference for podcasts. While Kimmo has made guest appearances on podcasts before, this is the first podcast initiated by Income. Kimmo expresses his enjoyment of listening to podcasts, especially while driving or working out. He mentions some of his favorite podcasts, including Joe Rogan&#8217;s, particularly the episode with Elon Musk. His playlist also includes podcasts on real estate and fintech, offering valuable insights into his areas of interest.<\/span><\/p><p><strong>Discussing the Recent CEO Change<\/strong><\/p><p><span style=\"font-weight: 400;\">The podcast delves into the recent change in Income&#8217;s leadership, with Lavrenti Tsudakov taking over as the new CEO. Kimmo, who had been the CEO and founder since the platform&#8217;s inception, explains his decision to step down. He mentions the incredible growth the platform has experienced over the years, reaching around 4,500 active investors and managing over 13 million euros in investments. Despite the success, the demanding nature of running a startup and the desire to spend more time with his family led Kimmo to consider a change.<\/span><\/p><p><span style=\"font-weight: 400;\">He discusses key strategic developments on the horizon for Income, including the potential for a regulatory license in 2024, upcoming funding rounds, and new loan originator onboarding. Kimmo expresses the importance of seizing opportunities and providing others with the chance to lead when the timing is right. The decision to pass the CEO role to Lavrenti comes down to the desire to focus on more critical aspects of the business.<\/span><\/p><p><strong>Exploring Income&#8217;s Team and Structure<\/strong><\/p><p><span style=\"font-weight: 400;\">Denny takes the opportunity to gain insights into the structure and size of Income&#8217;s team. Currently, there are around nine people working in-house, along with outsourced services. Kimmo provides a brief overview of key team members and their roles, such as Lavrenti as CEO, Macjei in charge of LO Due Diligence, compliance officer Hendrik, LO Onboarding manager Jason, Steffi handling marketing and sales, Anastasia as the customer care lead, Roger in finance, and J\u00fcri as the Chief Technology Officer (CTO).<\/span><\/p><p><span style=\"font-weight: 400;\">Kimmo also discusses the decision to use external legal and development resources when needed, and the rationale behind such choices.<\/span><\/p><p><strong>Loan Originator (LO) Developments<\/strong><\/p><p><span style=\"font-weight: 400;\">The podcast takes a deep dive into Income&#8217;s LO developments, starting with the specific case of Vivus in Mexico. Kimmo addresses the delays and issues faced by Vivus, resulting in outstanding payments of around 1.5 million euros. He explains that the delays mainly stem from complications with bank transfers and documentation, as well as navigating AML and KYC requirements. The platform is actively working to resolve these issues, aiming to finalize the outstanding 500,000 euros.<\/span><\/p><p><span style=\"font-weight: 400;\">The conversation underscores the importance of understanding the regulatory environment and AML policies in different jurisdictions, as well as the unpredictability of bank policies and the need for constant communication between platforms and LOs. Kimmo highlights the distinction between issues caused by banks versus regulatory challenges in specific countries.<\/span><\/p><p><strong>Solutions for LO Challenges<\/strong><\/p><p><span style=\"font-weight: 400;\">Addressing ClickCash in Brazil, Kimmo discusses the complexities and the ongoing search for solutions. Given the protracted delays, the proposed solution is to begin paying down the principal amount to investors in tranches. If ClickCash fails to adhere to this payment plan, Income is prepared to bridge the gap and ensure investors receive their due amounts. The decision to adopt this strategy is based on the need to provide investors with a clear schedule and plan, given the lengthy nature of the ClickCash situation.<\/span><\/p><p><strong>Balancing Investor Demand and Asset Supply<\/strong><\/p><p><span style=\"font-weight: 400;\">Denny raises the issue of investor notifications about loan availability, emphasizing the challenge of high investor demand versus a limited number of assets. He suggests establishing a more structured schedule for asset uploads. Kimmo acknowledges the challenge of managing this situation and discusses ongoing efforts to work with LOs to increase the total number of assets listed.<\/span><\/p><p><strong>Wrapping Up<\/strong><\/p><p><span style=\"font-weight: 400;\">The first episode of Income Insights offers a candid and in-depth look at the platform&#8217;s inner workings and challenges. It also provides valuable insights into the team, LO developments, and future plans for Income. The open and <\/span><span style=\"font-weight: 400;\">informative conversation with founder Kimmo sets a promising tone for this podcast series, aimed at keeping investors informed and engaged with the platform.<\/span><\/p><p><span style=\"font-weight: 400;\">The <strong>Income Insights<\/strong>\u00a0podcast is set to be a regular feature, so be sure to keep an eye out for future episodes to stay updated on the latest developments, challenges, and successes at Income.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5af075d elementor-widget elementor-widget-video\" data-id=\"5af075d\" data-element_type=\"widget\" data-settings=\"{&quot;youtube_url&quot;:&quot;https:\\\/\\\/youtu.be\\\/kQ4_3JbOadw&quot;,&quot;modestbranding&quot;:&quot;yes&quot;,&quot;video_type&quot;:&quot;youtube&quot;,&quot;controls&quot;:&quot;yes&quot;}\" data-widget_type=\"video.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-wrapper elementor-open-inline\">\n\t\t\t<div class=\"elementor-video\"><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-46addc4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"46addc4\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6c9910b\" data-id=\"6c9910b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0b75f5c elementor-widget elementor-widget-heading\" data-id=\"0b75f5c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Learn more about the podcast<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4964e08 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4964e08\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e6761b5\" data-id=\"e6761b5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-105f908 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"105f908\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-md\" href=\"https:\/\/getincome.com\/blog\/podcast\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Income Insights<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Welcome to the first episode of Income Insights, a podcast series aimed at offering a closer look into the world of peer-to-peer lending and the Income platform. In this episode, Denny from Re:Think P2P lending delves into a conversation with Income founder Kimmo, discussing various aspects of the platform, recent changes, challenges, and the future. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":6018,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[41],"tags":[],"_links":{"self":[{"href":"https:\/\/getincome.com\/blog\/wp-json\/wp\/v2\/posts\/6017"}],"collection":[{"href":"https:\/\/getincome.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/getincome.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/getincome.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/getincome.com\/blog\/wp-json\/wp\/v2\/comments?post=6017"}],"version-history":[{"count":23,"href":"https:\/\/getincome.com\/blog\/wp-json\/wp\/v2\/posts\/6017\/revisions"}],"predecessor-version":[{"id":6133,"href":"https:\/\/getincome.com\/blog\/wp-json\/wp\/v2\/posts\/6017\/revisions\/6133"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/getincome.com\/blog\/wp-json\/wp\/v2\/media\/6018"}],"wp:attachment":[{"href":"https:\/\/getincome.com\/blog\/wp-json\/wp\/v2\/media?parent=6017"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/getincome.com\/blog\/wp-json\/wp\/v2\/categories?post=6017"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/getincome.com\/blog\/wp-json\/wp\/v2\/tags?post=6017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}