My career in consumer credit started in South Africa, a little over twenty years ago, when making access to credit fairer for the lower tiers of the economic pyramid meant investing resources to build better credit scores so that we could bring our rates below the statutory maximum. We were young and idealistic, but still, by starting with a lender’s mindset we figured that the answer lay in an iteration of small improvements that might bring APRs down little by little.And perhaps, if I was asked then where rates would be today, success would have seen average APRs down from around 60% to maybe 40%, or even 30% if I’d been feeling optimistic. But not 0%.Of course not, that would’ve been crazy. Except, as it turns out, it wasn’t.By re-imaging what a budgeting tool could look like, PayJustNow, a South African BNPL with a purpose, have created an interest-free three-month instalment offering for those often overlooked by the big credit ptoviders. In this episode, I speak to Mark McChlery (co-founder Chief Data and Analytics Officer) to hear about the philosophy behind the business, and how they’re building tools for consumers and the communities in which they exist.You can find out all you need to know about PayJustNow at https://payjustnow.com/Or to learn more about Weaver FinTech, their holding company, head over to https://www.weaverfintech.com/And if you’d like to see the FOM x Kolisi shoes mentioned, you can check those out over here: https://freedomofmovement.co.za/product-category/men/mens-footwear/You can learn more about myself, Brendan le Grange, on my LinkedIn page (feel free to connect), while you can find my action-adventure novels on Amazon, some versions even for free.If you have any feedback, questions, or if you would like to participate in the show, please feel free to reach out to me via the contact page on this site.Keep well,Brendan Our GDPR privacy policy was updated on August 8, 2022. Visit acast.com/privacy for more information.