Income Insights

In this episode, Denny Neidhardt talks with Income’s CTO Jüri Pruulmann about the technology powering the platform. Jüri shares the origin and design of the proprietary “Time Machine” engine that ensures transparency, reliability, and traceability in all transactions. The discussion covers how Income scales its infrastructure, the approach to IT security, how lender integrations are handled, and why performance is continuously being optimized. They also dive into what’s coming next—including the secondary market, 2FA, and backend enhancements—made possible through the upcoming crowdfunding raise.   Topics discussed: * Origins of the Income IT system and “Time Machine” ledger engine * Infrastructure scaling and performance strategy * Loan originator API integrations and validation safeguards * IT security practices and investor account protection * Planned features: secondary market, 2FA, and system speed improvements Tune in for more engaging discussions in future episodes of Income Insights!   Learn more about the Podcast: https://getincome.com/blog/podcast/ New to Income? Sign up with a bonus: https://getincome.com/register?ref_code=R5BE1F

Key Topics Covered in Episode 15:  Denny’s On-Site Visit – Before the recording, Denny spent four hours discussing DanaRupiah’s key financial metrics and investment outlook, offering firsthand insights into the company’s operations. Christine’s Background & Founding of DanaRupiah – Christine shares her journey from studying in China to returning to Indonesia to co-found DanaRupiah with WeShare Group’s backing. Market Entry & Early Challenges – Entering Indonesia’s fintech space before regulations were in place, DanaRupiah navigated an unstructured lending environment and established itself in the consumer loan segment. Regulatory Adaptation – With Indonesia later implementing P2P lending regulations, DanaRupiah had to adjust its business model and compliance strategies to meet evolving requirements. Loan Origination & Risk Management – Christine explains how DanaRupiah assesses borrower risk, maintains healthy loan performance, and ensures investor confidence through structured lending practices. DanaRupiah’s Future on Income – Christine reaffirms DanaRupiah’s commitment to Income Marketplace, emphasizing future refinements in risk management and potential expansions.   Tune in for an inside look at DanaRupiah’s evolution, challenges, and plans for the future on Income! Tune in for more engaging discussions in future episodes of Income Insights!   Learn more about the Podcast: https://getincome.com/blog/podcast/ New to Income? Sign up with a bonus: https://getincome.com/register?ref_code=R5BE1F

Key Topics Covered: Growth & Profitability – Income targets €35-40M in AUM for 2025, a key milestone for profitability. Loan Originators & Market Expansion – Plans to onboard six new loan originators, with Kosovo and Lithuania lenders near launch. Expansion into Colombia, Indonesia, Mexico, and the Philippines. Investor Strategy – Income is planning to increase institutional investor onboarding alongside retail investors. Crowdfunding Campaign – Aiming to raise €250K to fund a secondary market, platform improvements, and team expansion. ClickCash Recovery – Income is prepared to bridge payments while ClickCash seeks funding. Regulation – Estonia lacks a framework for Income’s model; alternative licensing in Lithuania is being considered. Execution Focus – The team is set on delivering new features and strategic growth. Tune in for more engaging discussions in future episodes of Income Insights!   Learn more about the Podcast: https://getincome.com/blog/podcast/ New to Income? Sign up with a bonus: https://getincome.com/register?ref_code=R5BE1F

Opening and New Year Reflections: Recap of holidays and resolutions.  Performance Score for 2024: Kimmo rates the company’s performance 8.5/10, noting significant progress despite narrowly missing the $20M target. Loan Originators and Market Performance: Updates on key lenders like Danarupiah and discussions about regulatory impacts in Indonesia. New Lenders Onboarded: Introduction of Curren Auto, Ibancar, and Sandfield Capital and their impact on Income’s loan portfolio.  Litigation Funding and Product Expansion: Overview of new loan types and the diversification of products to increase investor opportunities. Institutional Investments: Discussion on the significance of securing institutional capital and its future role in platform growth. Interest Rate Trends: Analysis of lower interest rates across the market and how Income plans to maintain competitive yields. Recovery Progress for Click Cash: Updates on recovery efforts and remaining challenges. Milestone Achievements: Reflection on surpassing $100M invested and expectations for continued growth in 2025. Final Thoughts: Kimmo emphasizes 2024 as a year of internal realignment and expresses optimism for 2025. Key Highlights: • Recovery and Growth: 2024 marked significant recovery from a slow 2023, with stronger investor engagement and higher platform activity. • New Product Lines: The introduction of litigation funding loans positions Income to attract diverse lender types. • Institutional Capital: Securing reputable institutional investors validates Income’s credibility and improves outreach opportunities. Tune in for more engaging discussions in future episodes of Income Insights!   Learn more about the Podcast: https://getincome.com/blog/podcast/ New to Income? Sign up with a bonus: https://getincome.com/register?ref_code=R5BE1F

• Introduction to Maciej Wenerski: • Maciej’s career background, including his time at EY, Aasa Polska, and a Polish tech startup. • His journey to becoming a foundational team member at Income Marketplace. • The Due Diligence Process at Income Marketplace: • Overview of the comprehensive approach to evaluating loan originators. • Key data points analyzed, including repayment history, loan performance, and borrower characteristics. • Explanation of “sanity and completeness checks” to verify the integrity of data provided by loan originators. • Addressing Challenges in Peer-to-Peer Lending: • Regulatory complexities in markets like Poland. • Balancing investor risk with opportunities for growth. • Comparison to Competitors: • How Income’s approach to due diligence and advanced rate calculations provides a unique edge. • Observations on competitor platforms like Mintos. • Favorite Loan Originators: • Maciej highlights his preferred lenders, including ITF from Bulgaria and DanaRupia from Indonesia. • Key Takeaways for Investors: • How the due diligence process protects investor interests. • The importance of transparency and collaboration with loan originators. Tune in for more engaging discussions in future episodes of Income Insights!   Learn more about the Podcast: https://getincome.com/blog/podcast/ New to Income? Sign up with a bonus: https://getincome.com/register?ref_code=R5BE1F