JustUs will roll out its peer-to-peer lending on a state-by-state basis in the US next year.
Lee Birkett (pictured), founder of eMoneyHub, the parent company of JustUs and sister company Moneybrain, said that JustUs is looking to capitalise on fintech bridges and has been onboarding with banks.
He said banking partnerships have been established and that’s the toughest part of entering into the US.
Birkett said the company is official but probably won’t start lending in the US until the first quarter of 2022.
He said the P2P lending will be rolled out on a state-by-state basis while the crypto side of Moneybrain, which allows investors to exchange their funds into its BiPs cryptocurrency, will launch in the US most likely not until the following year.
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“It makes a change from us bringing USA stuff to the UK,” Birkett said.
“We’re taking the good old British corporative values of the JustUs platform to the US and demand is high.
“We’ve formulated the entry point and are discussing with banking partners. We’ve signed contracted banking partners.
“The Brits are leading on fintech, the challenge is the US are being more welcoming and UK fintech scene is struggling at the moment.
“UK fintech is being abducted by other people. UK fintech brains and technology are the best but it’s being absorbed internationally.
“The government is at risk of losing all crypto businesses in the UK because they are not authorising them. The government is not delivering on the Kalfia Review which is quite concerning.”