Why this fintech founder thinks subprime customers are a safe bet in a recession

To us laypeople, it may seem counterintuitive to launch a fintech startup aimed at lending money to subprime customers — those with low credit scores and deemed high risk— amid a pandemic that has cratered the economy, resulting in millions of layoffs. But it makes perfect sense to fintech founder Ken Rees, who has worked in subprime financing for two decades. In August Rees launched San Francisco-based Covered Care to offer financing options for medical bills to patients with less than ideal…

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