{"id":7199,"date":"2024-04-12T10:07:39","date_gmt":"2024-04-12T09:07:39","guid":{"rendered":"https:\/\/getincome.com\/blog\/?p=7199"},"modified":"2024-04-12T10:32:48","modified_gmt":"2024-04-12T09:32:48","slug":"income-insights-episode-6","status":"publish","type":"post","link":"https:\/\/getincome.com\/blog\/income-insights-episode-6\/","title":{"rendered":"Income Insights Episode 6 I Interest Rate Changes I New Lenders Onboarding"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"7199\" class=\"elementor elementor-7199\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5916f46 e-con-full e-flex e-con e-parent\" data-id=\"5916f46\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-7d64587 e-con-full e-flex e-con e-child\" data-id=\"7d64587\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0852885 elementor-widget elementor-widget-image\" data-id=\"0852885\" 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<\/div>\n\t\t<div class=\"elementor-element elementor-element-c788e36 e-con-full e-flex e-con e-child\" data-id=\"c788e36\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-68f7974 elementor-widget elementor-widget-image\" data-id=\"68f7974\" 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<\/div>\n\t\t<div class=\"elementor-element elementor-element-f29420b e-con-full e-flex e-con e-child\" data-id=\"f29420b\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ba73984 elementor-widget elementor-widget-image\" data-id=\"ba73984\" 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.google.com\/feed\/aHR0cHM6Ly9mZWVkcy5zaW1wbGVjYXN0LmNvbS9lRVVoQV9YaA\" target=\"_blank\" rel=\"noopener\">\n\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<\/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<\/div>\n\t\t<div class=\"elementor-element elementor-element-8ded278 e-con-full e-flex e-con e-child\" data-id=\"8ded278\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-558ed0c elementor-widget elementor-widget-image\" data-id=\"558ed0c\" 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:\/\/www.youtube.com\/playlist?list=PLT1BSpY1iacTzrcVj00R1WYGFrzkWBO1d\" 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<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-50473da e-flex e-con-boxed e-con e-parent\" data-id=\"50473da\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-434a006 elementor-widget elementor-widget-html\" data-id=\"434a006\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<iframe height=\"200px\" width=\"100%\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https:\/\/player.simplecast.com\/f602994d-1de0-4d01-a55c-b818495662c6?dark=false\"><\/iframe>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cef0360 elementor-widget elementor-widget-text-editor\" data-id=\"cef0360\" 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>In episode six of the Income Insights Podcast, hosts Denny Neidhardt from\u00a0<a href=\"https:\/\/rethink-p2p.de\/en\/\" target=\"_blank\" rel=\"noopener\">Re:Think P2P<\/a>\u00a0and Kimmo Rytk\u00f6nen, the founder of Income, delve into the nuances of the latest developments on Income, lender onboarding and acquisition process, and future prospects.\u00a0\u00a0<\/p><p><strong>Key Discussion Points:<\/strong><\/p><ul><li><strong>Latest developments:<\/strong>\u00a0The conversation begins with Income&#8217;s recent achievement of surpassing a 10 million Euro portfolio. It hints at an optimistic future bolstered by adding new Loan Originators (LOs) to the pipeline. The discussion then moves to the latest interest rate changes on the platform.\u00a0<\/li><li><strong>Acquisition and Onboarding Process:<\/strong>\u00a0Diving into the main topic for the podcast, Kimmo explains how Income\u2019s strategic approach to new lender acquisition starts with agents and prioritizing compliant jurisdictions to ensure lenders meet funding and legal standards.<\/li><li><strong>Due Diligence and Legal Compliance:<\/strong>\u00a0Lender onboarding also involves due diligence, which includes financial and legal evaluations and Kimmo explains the whole process in-depth.<\/li><li><strong>Sales Cycle and Integration:<\/strong>\u00a0The podcast also touches upon the sales cycle duration from initial contact to integrating a new lender on the marketplace.<\/li><li><strong>Challenges and Objections:<\/strong>\u00a0Kimmo discusses some hurdles encountered during the acquisition process, including lenders&#8217; reluctance to share information, highlighting the importance of transparency and compliance.<\/li><li><strong>Future Prospects:<\/strong>\u00a0The episode concludes with a glimpse into Income&#8217;s future plans, including expanding the portfolio beyond traditional payday and installment loans. Potential collaborations are mentioned with broadening the platform&#8217;s horizon to include innovative and insured cash flow-related products.<\/li><\/ul><p>This episode provides valuable insights into Income&#8217;s strategic approach to lender acquisition and onboarding, the rigorous due diligence process, and the platform&#8217;s future direction. The discussion underlines the importance of compliance, the challenges faced, and the optimism for continued growth and diversification of loan products.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-60d6990 e-flex e-con-boxed e-con e-parent\" data-id=\"60d6990\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-bb35e62 elementor-widget elementor-widget-video\" data-id=\"bb35e62\" data-element_type=\"widget\" data-settings=\"{&quot;youtube_url&quot;:&quot;https:\\\/\\\/youtu.be\\\/i0oZjW_q2R4&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\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-fb60a43 e-flex e-con-boxed e-con e-parent\" data-id=\"fb60a43\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>In episode six of the Income Insights Podcast, hosts Denny Neidhardt from\u00a0Re:Think P2P\u00a0and Kimmo Rytk\u00f6nen, the founder of Income, delve into the nuances of the latest developments on Income, lender onboarding and acquisition process, and future prospects. Key Discussion Points: Latest developments:\u00a0The conversation begins with Income&#8217;s recent achievement of surpassing a 10 million Euro portfolio. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":7200,"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\/7199"}],"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=7199"}],"version-history":[{"count":18,"href":"https:\/\/getincome.com\/blog\/wp-json\/wp\/v2\/posts\/7199\/revisions"}],"predecessor-version":[{"id":7232,"href":"https:\/\/getincome.com\/blog\/wp-json\/wp\/v2\/posts\/7199\/revisions\/7232"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/getincome.com\/blog\/wp-json\/wp\/v2\/media\/7200"}],"wp:attachment":[{"href":"https:\/\/getincome.com\/blog\/wp-json\/wp\/v2\/media?parent=7199"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/getincome.com\/blog\/wp-json\/wp\/v2\/categories?post=7199"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/getincome.com\/blog\/wp-json\/wp\/v2\/tags?post=7199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}