Can tech help reinvent the community lending sector?

Chris Gorst

Over 8 million people use credit to pay for everyday household expenses, and many of them struggle to access fair, affordable credit. Community lenders offer one alternative to profit-driven financial services – but without the deep pockets to invest in things like marketing or technology, they have remained under the radar. Chris Gorst, from Nesta Challenges, on how a new competition is encouraging collaboration with fintech innovators to shape a kinder personal lending market.