Peter Lu

Building consumer fintech products @getkoho

[Daniel Eberhard @DanEbs]

Very proud of @GetKoho launching credit building today.

This is a net-new form factor for credit building. No compounding interest, no debt spirals, no complexity.
Just a transparent, simple way to build and establish credit.

The #koho way.

https://t.co/wnYms7kzwU

[Peter Lu @peterlu_]

#robinhood losing a lot of credibility here, halting trades of #amc #gme and #nok. "Democratizing finance for all", this is a dangerous game they are playing.

[Peter Lu @peterlu_]

Hey @scoopsofjam! I would love to join the https://t.co/5mwm9uc6B9 beta community. I’m ID #1484 on the waitlist. Can I get an invite?

[KOHO @GetKoho]

Curious about our new Early Payroll feature? This is what one user had to say about it 🤩 To learn more visit: https://t.co/xxBoRB6DVD

[Peter Lu @peterlu_]

@jasonkimvc @immad @Plaid Totally agree on network effects. Consumers are programmed to game their credit score to the highest possible in order to access traditional financial products. Fintechs try to service these needs but require the credit bureaus in order to help them build credit.

[KOHO @GetKoho]

Receiving your CERB through KOHO? We're piloting early payroll to provide access to $100 three days early.
No interest, no strings attached!
See here for details: https://t.co/57AqEt9iSt

[angela strange @astrange]

2. Most SMBs already use @stripe @Square @QuickBooks etc. Not only do these companies sit on troves of financial data in digital form, many are also set up to quickly underwrite & disburse loans. Exactly the type of technological platforms needed in this crisis.

[Stewart Butterfield @stewart]

My day job (also: night job) is CEO of Slack, a publicly traded company with investors to whom I am a fiduciary, 110k+ paying customers of all sizes, and thousands of employees I care about very, very much. The last few weeks have been 🤯😳😢 Here’s what it's been like. [Thread]

[Peter Lu @peterlu_]

The impact of COVID-19 across industries in the US. Unsurprisingly, largest impact to travel + hospitality.

#EconomicMeasurers #COVIDー19

https://t.co/BIf8P3u1lz

[Peter Lu @peterlu_]

#FinancialHealth2020 #healthcare

[Daniel Eberhard @DanEbs]

Here's what @GetKoho is doing to help:

Extending financial coaching free for everyone
Extending @godialogue virtual care to dependents at no extra cost.
Sharing our favourite playlists, meditation apps and dog memes on our Instagram account.

More to come.

[Peter Lu @peterlu_]

Nice to see some supermarkets serving the needy during this time. #COVIDCanada #loblaws #sobeys #metro https://t.co/P9tYGfcap6

[Daniel Eberhard @DanEbs]

TD bank did 38B in rev and 12B in profit in 2018.

Compounding interest on credit cards impacts those can’t pay and those who don’t understand what they are paying.

This is why we’ll win. https://t.co/eiVvRxlj1c

[Peter Lu @peterlu_]

We’re hosting the next Go meetup in Toronto.
#golang #devto

[Golang Toronto @GolangTO]

Hi all! The next GoTO meetup is happening on Jan 29th, looking forward to seeing everybody out! Big thanks to Koho (https://t.co/RAvTx4n0JC) for hosting!
https://t.co/qnISm81TGU

[The Economist @TheEconomist]

The median American rent payment rose 61% in real terms between 1960 and 2016 while the median renter’s income grew by 5% https://t.co/PzU77qUnkl

[Rex Salisbury @rexsalisbury]

Largest asset class:
1800s Farmland
1900s Factories
2000s Housing

And that is not a good thing. Much has do w/ artificially high prices due (1) to limited construction (2) poorly designed subsidies or both.

The Economist | Building up https://t.co/J1CWWg6lxJ via @TheEconomist

[Peter Lu @peterlu_]

#fintech #banking #savings

[KOHO @GetKoho]

Officially launching in early 2020, we're thrilled to introduce the newest addition of our fam - KOHO Save 💰 With this feature, you'll earn 2% interest on your entire balance! Yes, the whole damn balance.

Check out our page to learn more: https://t.co/vFcyV9usl4